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
January 29, 2018 by
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 […]
