Business

Uber’s Asia-based rival Grab has confirmed that it has taken an undisclosed investment from Toyota. The Japanese automotive giant has been named as one of the participants in Grab’s Series G round which is targeted at $2.5 billion. The Singapore-headquartered company confirmed that SoftBank and China’s Didi contributed $2 billion, …

Uber has had a one-month suspension of its service in the Philippines lifted early after it agreed to pay nearly $10 million in fines and aid for drivers affected by the service being suspended, Reuters reports. Earlier this month the ride-hailing giant suspended its services in the country on order …

Uber’s search for a replacement for its former co-founder CEO Travis Kalanick looks to have reached its conclusion. Dara Khosrowshahi, the current CEO of Expedia, has been officially offered the job, multiple sources close to the company confirmed to TechCrunch. Unlike higher-profile Uber CEO candidates Meg Whitman of HP and …

CBS is to branch into Australia after it announced a deal to acquire struggling broadcaster Network Ten. The deal, which is subject to regulatory approvals, could save the network from a difficult patch. Network Ten has been in voluntary administration since June after key investors withdrew financial support following a drop in …

Machine intelligence startups are the black sheep of the startup world. The new kids on the block are challenging investors to do their technical homework and differentiate themselves in intentional ways. Y Combinator joined a growing list of investors offering exclusive services to these companies in a specialized AI track …

Go-Jek, the on-demand transportation company that rivals Uber and Grab in Indonesia, is getting close to pulling in its next huge funding round. That’s because JD.com, the China-based e-commerce firm that rivals Alibaba, has agreed to join Go-Jek’s upcoming $1.2 billion round, a source with knowledge of discussions told TechCrunch. …

Samsung vice chairman and the company’s heir apparent Jay Y. Lee is headed to jail after a court in Korean ruled that he is guilty of bribery, embezzlement, capital flight and perjury charges. Lee, who has been earmarked as the future leader of the company, was handed a five-year jail …

On the ninth anniversary of the founding of Uber, its co-founder Garrett Camp shared the company’s initial pitch deck via a personal Medium post. The deck, and the short post, comes off quite sentimental because of how much has happened to the company since it was created. But company growth and …

German automotive giant Continental is furthering its push into the future of transportation after it got its check book out to acquire Quantum Inventions, a Singapore-based company that specializes in mobility data services. The deal was announced in June with little fanfare and it is officially undisclosed, but a source told TechCrunch …

Despite countless attempts and millions in venture capital, the calendar, one of the most ubiquitous work tools, has remained largely unchanged for as long as I can remember. Rather than overwrite the calendar in an effort to make it obsolete, Ahryun Moon and Jasper Sone, co-founders of GoodTime, are putting the …