Uber Technologies is accelerating its global robotaxi expansion through a landmark multiyear alliance with China's Baidu Inc. This renewed partnership, rekindling ties from a strategic investment over a decade ago,

Uber just announced a deal today with the company that runs one of the largest robotaxi fleets in China, as the ridehail giant nears its goal of becoming the world’s ultimate autonomous vehicle clearinghouse.

HONG KONG — The Hong Kong government on Tuesday unveiled proposals to regulate online ride-hailing services provided by tech companies like Uber, requiring platforms, cars and drivers to be licensed before hitting the road.

Uber's gross bookings, for both the mobility and delivery segments, are increasing at healthy double-digit rates. This demonstrates robust demand for its services. Wall Street consensus estimates call for revenue to increase 15% in 2025, 15% in 2026, and 13% in 2027.

Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) jumped 3.3% in the afternoon session after Wells Fargo analyst raised the price target on the company's stock. Wells Fargo analyst Ken Gawrelski reiterated an "Overweight" rating on Uber and increased the price target to $120 from $100,

Uber Technologies UBER has been experiencing a great run on the bourses lately. Shares of this U.S. ride-hailing giant hit a 52-week high of $97.12 on July 7 and finally closed at $96.68, surging 60.3% year to date.

Despite growing competition from AV entrants in the ride-hailing market, sector giant Uber continues to make positive progress as it leans into partnerships with AV companies.

Uber stock climbs 10.9% in June as company expands Waymo partnership to Atlanta, offering autonomous rides while Tesla struggles with robotaxi delays.

The Hong Kong government on Tuesday unveiled proposals to regulate online ride-hailing services provided by tech companies like Uber, requiring platforms, cars and drivers to be licensed before hitting the road.

African ride-hailing startup Moove is close to raising $1.2 billion in a debt round that will help it finance a rollout of an autonomous-driving fleet with Alphabet Inc.’s Waymo and expand in the US,