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A co-founder of GrabTaxi remarked that safety is so central to the business that some of his drivers feel like they are tracked at every moment.
Asian bourses slid again on Thursday, as falling oil prices and a worse-than-expected machinery orders report from Japan reinforced jitters about a sluggish global economy
Asian stocks ended mostly higher on Friday, with indices in Shanghai and Japan chalking up fresh multi-year highs ahead of U.S. jobs data.
After going public 10 years ago, DreamWorks Animation has become one of the biggest disappointments on Wall Street.
SoftBank has invested $250 million in mobile taxi-booking application GrabTaxi, its biggest investment in a Southeast Asian Internet firm.
Asian equities rose on Tuesday, with Shanghai and Japanese stocks closing at multi-year highs on hopes of Chinese stimulus and as investors dismissed Japan's rating downgrade.
Asian indices traded mostly higher in Friday's afternoon session, after Japan's Prime Minister Shinzo Abe dissolved parliament's lower house.
Deals worth $100 billion on Monday put the Street on pace for a year rivaling the dot-com bubble era and the private equity surge just before the financial crisis.
Indian retailers are struggling to keep up online as e-commerce garner large investments.
Hasbro's relationship with Disney could complicate the toymaker's potential purchase of DreamWorks Animation, said Piper Jaffray analyst Steph Wissink.
Hasbro is in talks to buy DreamWorks Animation, a person briefed on the matter said on Wednesday.
Asia stocks were under pressure on Wednesday amid concerns over oil and Chinese growth, but Japanese markets continued to outperform the region.
Everyone wants a piece of India's booming online retail sector, but for those without billions to spare, the best bet may be the delivery men.
Japanese telecommunications and internet giant Softbank Group announced on Tuesday that it invested $627 million in Indian online retailer Snapdeal.
Asian equities declined on Thursday as investors focused on key Chinese manufacturing data and sliding oil prices.
Asian bourses mirrored the choppy trade overnight in the U.S., with Shanghai, Tokyo and Seoul erasing morning gains to trade lower on Friday.
Mounting anxiety over global growth and the spread of Ebola dragged Asian bourses lower on Thursday.
Most Asian bourses traded higher on late Wednesday, as benign Chinese inflation data fueled hopes of additional easing while a weaker currency provided support for Japanese shares.
Asian shares traded mixed on Tuesday as fears of global economic weakness affected investor sentiment.
Panasonic and other Japanese manufacturers are hoping to turn their knack for robotics into commercial reality. The Financial Times reports.