Industry News Update – Week of 9/4/2018:

Last week, Uber's valuation increased to $72 billion after the company raised $500 million from Toyota to collaborate on its autonomous vehicle initiatives.

Lyft hired Class V Group LLC as its IPO adviser and expects to list in March or April in 2019.

Instacart is now available to 70 percent of all U.S. households.

Meituan Dianping announced its price range of its IPO as HK$60 to HK$72 ($7.64-$9.17) per share which translates to a valuation of $55 billion.

Robinhood’s users can now invest in 250 foreign companies through the use of American depositary receipts.

Didi Chuxing halted its carpooling service after a second passenger was murdered.

The news articles and links presented below are available for your reference.


"Didi Suspends Carpooling Service in China After 2nd Passenger Is Killed"


"Instacart is Now Available to 70 Percent of U.S. Households"


" Lyft Is Said to Hire Adviser to Prepare for Targeted 2019 IPO"


“China's Meituan Dianping Sets HK IPO Valuation at up to $55 Billion: Sources"


“Robinhood Gives Investors International Targets to Aim For With Launch of ADR Products"


“Toyota Investing $500 Million in Uber in Driverless-Car Pact"