Saturday, April 12, 2025

A look at the battle between Uber and its unlikely ally, Chinese-owned rival 99, against the São Paulo city government, which banned motorcycle taxis in 2023 (Gabriela Sá Pessoa/Rest of World)

Gabriela Sá Pessoa / Rest of World:
A look at the battle between Uber and its unlikely ally, Chinese-owned rival 99, against the São Paulo city government, which banned motorcycle taxis in 2023  —  The ride-hailing rivals are taking on the government of São Paulo, which banned motorcycle taxis.



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Sources: ByteDance plans to increase its 2026 capex to more than $30B, up at least 25% from a preliminary plan, amid the AI boom and rising memory chip costs (South China Morning Post)

South China Morning Post : Sources: ByteDance plans to increase its 2026 capex to more than $30B, up at least 25% from a preliminary plan...