Ride-hailing giant faces uphill battle to regain lost market share as it pours in millions in equity investments and places massive vehicle orders in a bid to revamp its services. The move comes as the company struggles to compete with increasingly popular alternatives, with its user base dwindling in recent months. Despite the efforts, experts warn that a full recovery may be a long shot, given the entrenched dominance of rival services. As the company scrambles to stay afloat, it remains to be seen whether these investments will be enough to stem the tide and restore its former glory.
Ride-hailing app races to make up lost ground with equity investments and vehicle order commitments
