china chinese taxi

Money-burning taxi apps go to war in China

Not just Uber clones, this warring group of apps secure huge investments — all while burning money to get more drivers and users. Which one(s) will survive?

Uber(Cab) CEO: No plans to shut down despite legal spat

Uber (formerly UberCab), an iPhone application that helps users find rides from limos and town cars, got into some legal trouble this week — city and state agencies from both San Francisco and California sent the company cease-and-desist letters. But when I talked to chief executive Ryan Graves last night, he sounded optimistic that the issues can be resolved.