Since entering Japan in 2014, Uber (UBER) has faced issues entering the country’s highly guarded taxi industry, facing regulations restricting the company’s app to hailing only licensed cabs, River Akira Davis of The New York Times reports. Recently, however, demographic pressures have begun pushing the government to change as the population declines, leaving elderly residents in rural areas without transportation. Uber is now operating in specific areas where public transport has been considered insufficient, such as Kaga, with the hope this will serve as a blueprint for expansion into other rural areas.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- “Don’t Ignore This,” Morgan Stanley Analyst Says UBER Stock Remains Undervalued
- Trump says EU fines ‘very unfair’ for U.S. tech companies
- Morning Movers: Morgan Stanley and Goldman Sachs lower following Q4 results
- Elon Musk Ends FSD Buyouts: What the Subscription Push Means for Tesla Stock
- Instacart drops 2% after Uber reports launch of Kroger stores on apps
