fbpx

Daiwa invests $5m in Myanmar ride hailer Oway

Oway stake provides Japanese financial group a foothold in promising market TOKYO — Daiwa Securities Group has taken a $5 million stake in Oway, a Yangon-based online travel agency and ride-hailing service, seeking to get ahead of rivals with an early entry into the Myanmar market. Investment unit Daiwa PI Partners purchased newly issued Oway […]

Uber’s Yangon strategy stumbles, competitors push ahead

Complaints about Uber in Yangon are mounting even as officials of the company insist that it continues to improve its ride-hailing service for both drivers and passengers. US-based Uber first began operating in Yangon last May, joining local taxi operators Oway Ride and Hello Cabs. Months later, Singapore-based Grab, also launched its ride-hailing service in […]