• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Technology

Uber to Move Asia Headquarters to Hong Kong in Covid-19 Crux

The Global Economics by The Global Economics
May 27, 2020
in Technology, Trending
Reading Time: 1 min read
0
Nightlife in Hong Kong

Nightlife in Hong Kong

33
SHARES
178
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Steering the ride through Covid-19 crisis, Uber Technologies revealed a deal on Tuesday where they plan on moving their Asia-Pacific headquarters from Singapore to Hong Kong, if the local government allows that to happen legally.

At a press conference, Uber Hong Kong’s general manager, Estyn Chung expressed that the decision would help create more jobs, help sustain innovation, and create an engineering and innovation hub there.

Uber, which has been in Hong Kong for six years now, had got its drivers arrested in several instances for driving passengers without a car-hire permit. Since Uber hasn’t received the green signal from the government, the company is now hopeful and speculating the legislation as- regulatory certainty is key since there is no legislation in the city for regulatory services for ride-sharing apps yet.

Earlier this month, CEO Dara Khosrowshahi took a big bet by cutting more than 3,000 jobs and closed more than 45 offices globally to save over $1 billion in fixed costs. Now, the ride-hailing company has bigger plans ranging from consignment to self-driving cars, and one of the plans include moving the Asia headquarters out of Singapore.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Evergrande Chairman Detained as Chinese Property Crisis Worsens
Real Estate

Evergrande Chairman Detained as Chinese Property Crisis Worsens

by The Global Economics
September 28, 2023
The US Entertainment Industry Strike Nears End as Writers and Studios Reach Deal
Lifestyle

The US Entertainment Industry Strike Nears End as Writers and Studios Reach Deal 

by The Global Economics
September 25, 2023
Google Faces Monopoly Trial Implications for Big Tech’s Power
Technology

Google Faces Monopoly Trial: Implications for Big Tech’s Power 

by Riya Thomas
September 13, 2023
Is The AI Industry a Bubble About To Burst? What Goldman Sachs Has To Say
Technology

Is The AI Industry a Bubble About To Burst? What Goldman Sachs Has To Say 

by The Global Economics
September 8, 2023
OpenAI Announces ChatGPT Enterprise for Businesses
Technology

OpenAI Announces ChatGPT Enterprise for Businesses 

by The Global Economics
September 4, 2023
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Israel-Jordan-UAE Agree to Landmark Tripartite Water-for-Energy Deal

Israel-Jordan-UAE Agree to Landmark Tripartite Water-for-Energy Deal

September 29, 2023
Evergrande Chairman Detained as Chinese Property Crisis Worsens

Evergrande Chairman Detained as Chinese Property Crisis Worsens

September 28, 2023
Looming US Govt Shutdown & Bitter Political Divide Threatens Economy

Looming US Govt Shutdown & Bitter Political Divide Threatens Economy

September 27, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version