VENTURE CAPITAL POST

Uber has announced another new feather of its app, Family Profiles which enables customers to pay for the rides of their family members. The person, organizing the' Family Profiles' will be served a detailed report of the rides they are paying for. The feature is primarily available in select cities of the US.

Uber allows alternative measure of getting expensive taxi driving licenses and offers low cost ride to the lower income people. But Moscow, unlike some other countries with stricter transportation laws, prohibits such service. Moscow has been persuading for long and finally gets success in compelling Uber to sign agreement which limits its service to the licensed drivers only.

A European Union rule requires prior notification to itself in restricting social information service. The rule also bars targeting a specific service. A French court has overturned a government order on Uber’s geo-localization service citing the two grounds. The verdict appears as a victory for Uber while challenging through a flurry of appeals both in France and at the EU level.

Uber’s self driving car project has first drawn attraction with poaching 50 robotics researchers from CMU in early 2015. Recently it has appeared in the news headline again with the announcement of developing a test driving site for its self-driven cars in Hazelwood of Pittsburg. Though some automakers predict for introducing their autonomous vehicle by 2020, but Uber has kept mum in this regard.

Uber Technologies Inc. said it had been given approval from Jakarta governor to operate as a fully legal entity in the Indonesian capital, assuming it meets local tax rules and other requirements laid out by the government.

Uber Technologies Inc. announced that it has signed a global multi-year deal with the Dutch company TomTom to provide maps and traffic data to Uber for use in its navigation for Uber drivers.

Ride-hailing service Uber Technologies Inc plans to invest more than $1 billion in China this year as the controversial ride-hailing app looks to rev up growth in the world's second largest economy, an executive at the firm said on Friday.

China's dominant taxi-hailing firm Didi Kuaidi will spend 1 billion yuan ($161.39 million) on promotions, the company said on Friday, in an aggressive expansion that will help lure in riders and fend of rivals like U.S. firm Uber Technologies Inc.

Chinese private car hire app Yidao Yongche has hinted at a tie-up with Uber Technologies Inc, the controversial $40 billion U.S. taxi-hailing firm which has repeatedly hit regulatory roadblocks in China, the world's largest smartphone market.

Uber Technologies Inc, the online ride-hailing company, has entered into a "strategic partnership" with India's Times Internet, as it looks to expand operations in its largest market outside the United States.

A United Nations organization for gender equality and empowerment of women said it would not collaborate with online taxi service Uber Technologies Inc.

Ride-hailing service Uber Technologies Inc said late on Wednesday it has struck a deal with China Yongda Automobiles Services Holdings Ltd, a Chinese luxury auto dealer, to provide discounts and financing for Uber drivers' cars.

Uber Technologies Inc's Chief Financial Officer Brent Callinicos is stepping down, the online taxi service's CEO said in an email to investors.

Uber Technologies Inc is under fire in Taiwan and the Chinese mainland mega city Chongqing over concerns that it and its drivers are not appropriately licensed, adding to a string of official complaints aimed at the fast-growing U.S. start-up.

District attorneys of San Francisco and Los Angeles have accused ridesharing service Sidecar Inc of violating California business law and threatened an injunction on its service, the Wall Street Journal reported citing a letter sent to Sidecar and reviewed by the paper.