Sunday, June 9, 2024

How Uber-owned Careem went from Pakistan's ride-hailing leader to a distant third player after deprioritizing the country due to its unstable economy (Zuha Siddiqui/Rest of World)

Zuha Siddiqui / Rest of World:
How Uber-owned Careem went from Pakistan's ride-hailing leader to a distant third player after deprioritizing the country due to its unstable economy  —  After falling from dominance, Careem is experimenting — from corporate rides to price bidding — to maintain its presence in Pakistan.



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Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever (Wall Street Journal)

Wall Street Journal : Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuation...