Japan's Sony to form alliance to build taxi-hailing system
The country is seen as a potentially lucrative ride-hailing marketSony said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system. Japan is seen as a potentially lucrative ride-hailing market, with regulators under pressure to ease stringent rules. Sony plans to build the AI-based hailing platform with Daiwa Motor Transportation and five other domestic taxi firms. Uber’s fourth-quarter loss narrows to $1.1 billionToyota has said it will take a stake in taxi-hailing service JapanTaxi, set up by Japan’s largest taxi firm, Nihon Kotsu. Uber’s new chief executive, Dara Khosrowshahi, is in Tokyo meeting regulators on his first visit to the region in post.
Source: The Express Tribune February 20, 2018 07:30 UTC
