EV scooter makers deposit customer refunds; IT firms see dip in hiring 5 min read Technology EV scooter makers deposit customer refunds; IT firms see dip in hiring xploreme October 13, 2023 Four e-scooter makers have deposited part of the over Rs 300 crore they have to refund to...Read More
China’s Didi Q2 revenue grows as regulatory curbs ease 2 min read Technology China’s Didi Q2 revenue grows as regulatory curbs ease xploreme September 9, 2023 Revenues at China‘s Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8...Read More
China’s Cyber Watchdog Wants ‘Affectionate’ Ties With Local Internet Firms 2 min read Technology China’s Cyber Watchdog Wants ‘Affectionate’ Ties With Local Internet Firms xploreme August 19, 2022 China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government, a senior...Read More
China to Require Security Reviews for Firms’ Data Exports From September 1 2 min read Technology China to Require Security Reviews for Firms’ Data Exports From September 1 xploreme July 7, 2022 China’s cyberspace regulator on Thursday said that rules requiring data exports to undergo security reviews would be...Read More
Uber Reports Loss in Q1 2022 Despite Double Growth in Rides Business 2 min read Technology Uber Reports Loss in Q1 2022 Despite Double Growth in Rides Business xploreme May 5, 2022 Uber shares skidded Wednesday after the company said it was hit with a big loss in the...Read More
Didi revenue falls as China’s regulatory crackdown hits business 2 min read Technology Didi revenue falls as China’s regulatory crackdown hits business xploreme December 30, 2021 Bengaluru: China’s ride-hailing firm Didi Global on Wednesday reported a 1.7% decline in third-quarter revenue, as its...Read More
SoftBank Launches Buy Back Even After $10 Billion Vision Fund Hit 3 min read Technology SoftBank Launches Buy Back Even After $10 Billion Vision Fund Hit xploreme November 8, 2021 SoftBank slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion...Read More
Uber makes first operating profit as driver shortage eases 3 min read Technology Uber makes first operating profit as driver shortage eases xploreme November 5, 2021 Austin, Texas/Bengaluru: Uber Technologies Inc on Thursday reported its first profitable quarter on an adjusted basis since...Read More
Uber Makes First Profit Since Launch a Decade Ago 3 min read Technology Uber Makes First Profit Since Launch a Decade Ago xploreme November 5, 2021 Uber on Thursday reported its first profitable quarter on an adjusted basis since it launched more than...Read More
Didi Denies Reports That China Is Coordinating Companies to Invest in It 1 min read Technology Didi Denies Reports That China Is Coordinating Companies to Invest in It xploreme September 4, 2021 China’s ride hailing giant Didi Global said on Saturday that media reports that the Beijing city government...Read More