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MarketScreener Homepage  >  Equities  >  Nyse  >  Uber Technologies, Inc.    UBER

UBER TECHNOLOGIES, INC.

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Didi launches service in Mexico for women to select only female passengers

11/24/2020 | 10:00pm EST
FILE PHOTO: The logo of Chinese ride-hailing firm Didi Chuxing is seen as employees stand outside the drivers center in Toluca, Mexico

MEXICO CITY (Reuters) - Chinese ride-sharing company Didi began rolling out a service in Mexico this week to let female drivers select only other women as their passengers, a move aimed at encouraging their safety as the country confronts worsening gender violence.

Called "Didi Mujer," or Didi Woman, the program is being piloted in Mexico City, Guadalajara, Monterrey and Tijuana, and Didi hopes if more women join the platform, passengers eventually will be able to exclusively choose female drivers.

Didi's rival, Uber Technologies Inc, earlier this month also launched an option for female drivers in Mexico to select only women passengers, in line with a similar Uber program in Saudi Arabia.

According to both companies, women make up small parts of their Mexico fleet of drivers: 4% at Uber and 4.3% at Didi.

"We know that women in Mexico face real, daily challenges around personal safety and a lack of good economic opportunities," Juan Andres Panama, head of Didi Mexico, said in a statement on Tuesday. "We're hoping to help with both."

Didi Mujer is the first Didi-branded initiative geared at getting more women behind the wheel. The company's Brazil subsidiary, 99, also runs a similar program.

The efforts to draw more women onto the apps come as protests in Mexico have again flared up over gender violence. These include the recent killings of 12-year-old Sofia in Zacatecas, whose last name has not been published, and 20-year-old Bianca Alejandrina Lorenzana in Quintana Roo, known by her nickname Alexis.

Femicides in Mexico have more than doubled between 2014 and 2019, according to official data compiled by the Economic Commission for Latin America and the Caribbean. Mexico's government has registered 777 cases this year.

(Reporting by Noe Torres in Mexico City; Additional reporting by Lizbeth Diaz in Mexico City; Writing by Daina Beth Solomon; Editing by Matthew Lewis)


© Reuters 2020
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Financials (USD)
Sales 2020 12 514 M - -
Net income 2020 -6 722 M - -
Net Debt 2020 2 047 M - -
P/E ratio 2020 -14,6x
Yield 2020 -
Capitalization 97 924 M 97 924 M -
EV / Sales 2020 7,99x
EV / Sales 2021 5,67x
Nbr of Employees 21 600
Free-Float 96,8%
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Number of Analysts 41
Average target price 56,72 $
Last Close Price 55,52 $
Spread / Highest target 44,1%
Spread / Average Target 2,16%
Spread / Lowest Target -37,0%
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Managers and Directors
NameTitle
Dara Khosrowshahi Chief Executive Officer & Director
Ronald D. Sugar Chairman
Nelson J. Chai Chief Financial Officer
Sukumar Rathnam Chief Technology Officer
Yasir bin Othman Al-Rumayyan Independent Director
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