Lizette Chapman
Stories by Lizette Chapman
Peter Thiel-backed Bridgetown SPAC files to go public, seeks to buy Southeast Asia company
The SPAC will target 'new economy' technology, financial services and media companies in SEA.
Uber said to have held talks to raise $500m for freight unit
The funding could give Uber Freight a standalone post-money valuation of about $4 billion.
Uber dials down financial services plans, unit head quits
Uber Eats boss Jason Droege and Uber CTO Thuan Pham have also resigned this year.
Uber forecasts first-ever quarterly profit by end of year
The drive toward profitability is likely to take a toll on growth.
Travis Kalanick to leave Uber board to focus on new business
He sold the remaining 5.8 million shares before resigning from the board Monday night for a grand haul of almost $3 billion.
Thiel marks Palantir’s Asia push with $150m Japan JV with Sompo
The billionaire entrepreneur was in Japan to unveil a 50-50 JV with financial services firm Sompo Holdings Inc.
Former Uber team starts a kitchen rental business to rival Travis Kalanick’s
Virtual Kitchen intends to differentiate itself by targeting local restaurant chains and smaller spaces.
Uber posts wider quarterly loss, forecasts profit in 2021
Gross bookings, food delivery and monthly active users were all below analysts’ estimates for the third quarter.
Top SoftBank deals slammed from Wall Street to California
SoftBank has put more than $10 billion into WeWork and is a key financier of businesses in the gig economy.
Food delivery startup DoorDash said to be raising $500m fresh funding
The funding round is likely to value the company at about $13 billion.