Uber launches Asia-Pacific hub in Singapore, no plans to restart in South-east Asia

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

SINGAPORE - Just a little over a year after it announced its exit from Singapore and the South-east Asian market, Uber now says it is in the Republic to stay.. Read more at straitstimes.com.

SINGAPORE - Just a little over a year after it announced its exit from Singapore and the South-east Asian market, Uber now says it is in the Republic to stay.

While there are local teams on the ground in these countries, Uber is maintaining its regional hub in Singapore as it is an"amazing hub for talent", said the firm's Asia-Pacific senior director for policy and communications Amy Kunrojpanya. "We feel really good about the business decision behind that,"Ms Kunrojpanya told The Straits Times, describing Singapore as a"non-operational market" for the American firm.

This is in line with the longer-term strategy and collaborative approach taken by chief executive Dara Khosrowshahi, who succeeded Uber co-founder Travis Kalanick in 2017 following a series of scandals involving the company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Guess low corporate taxes, lax regulations and not having to listen to Ariana Grande and Lady Gaga on the loop drew them back.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Daily Debrief: What Happened TodayUber sets up Asia-Pacific hub in Singapore; no plans to resume services in S-E Asia,EMA: Hyflux’s financial situation 'a result of its own commercial decisions' at
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hello, again: Uber sets up Asia-Pacific hub in Singapore; no plans to resume services in S-E AsiaABOUT a year after its exit from South-east Asia, US ride-hailing giant Uber launched its Asia-Pacific hub in Singapore on Tuesday, with plans to expand headcount here. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

South-east Asia logistics platform TheLorry raises US$5.85m in Series B fundingTHELORRY, a South-east Asia logistics platform, has raised US$5.85 million in a Series B round led by FirstFloor Capital. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Uni-Asia plans placement of up to 5.42m shares at S$1.08 eachUNI-ASIA Group announced on Tuesday that it has entered into a placement agreement with Maybank Kim Eng Securities to issue up to 5.42 million shares at S$1.08 each. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »