Kakao invests 3.4 billion won in ride-hailing app Lyft

Home > Business > Industry

print dictionary print

Kakao invests 3.4 billion won in ride-hailing app Lyft

Kakao Investment said Wednesday it bought shares worth 3.4 billion won ($3.18 million) in U.S. ride-hailing service provider Lyft. Following the move, the investment arm of Korea’s largest messaging app holds 82,755 shares, or a 0.03 percent stake in the U.S. company.

Lyft provides ride-hailing services through smartphones and is one of Uber’s competitors.


More in Industry

Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Eastar Jet CEO threatens to sue pilot union for libel

Chaebol heads talk shop at closed-door dinner

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now