How Airbnb went from renting air beds for $10 to a $30 billion hospitality...

Happy 10th anniversary Airbnb. When we first wrote about the company a decade ago, it was a spare website cobbled together by its founders for the low low price of $20,000. In...

New York City caps ridesharing licenses, deals major blow to Uber and Lyft

New York City regulators placed a cap on operational licenses it grants for Uber and Lyft drivers. The city says it's an attempt to try and save the city’s integral...

Grab-Uber deal wins Philippines approval but ‘virtual monopolist’ concern remains

Grab’s acquisition of Uber’s Southeast Asia business in May has been embroiled in regulatory scrutiny, but the ride-hailing firm has some positive news after the Philippines’ regulator gave the deal...

With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highs

Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public...

UberAIR to take flight with help from UT Austin and U.S. Army Research Labs

After three months of discussions, Uber Elevate has selected The University of Texas at Austin as its partner alongside the U.S. Army Research Laboratory to develop new rotor technology for...

Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia

Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba’s...

New York City Council votes to cap licenses for ride-hailing services like Uber and...

The New York City Council has approved legislation that will halt the issuing of new licenses for ride-hailing services like Uber and Lyft. The stated goal of the policy is...

Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more

Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao ...

India’s Hansel raises $4M to bring its app development platform to the US

Hansel, an India-based startup that enables more agile product development inside companies, has pulled in $4 million as it seeks to expand its business to the U.S.. The startup was founded...

Otto co-founder Lior Ron is back at Uber

Lior Ron, the co-founder of the controversial self-driving technology company Otto, is returning to Uber to head up it’s trucking logistics company Uber Freight, TechCrunch has confirmed. Both Ron and...

APLICATIONS

Alibaba takes control of logistics business, pledges $15 billion to expand...

HONG KONG (Reuters) - Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build...