TNB Tech Minute: Uber Partners With Expedia on Hotel Bookings
4/29/20263 min
Plus: Chinese automaker Geely reports weaker bottom line while core profit grew. And Goldman Sachs and Bain Capital Ventures lead investment in AI marketing startup. Danny Lewis hosts.
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Danny Lewis· Host0:31
[music] Here's your afternoon TNB Tech Minute for Wednesday, April twenty-ninth. I'm Danny Lewis for The Wall Street Journal. Uber is expanding from ride-hailing and food delivery into hotel bookings. Under a new deal with Expedia, US users will be able to use Uber to make reservations at more than seven hundred thousand properties as of today. The app will offer hotel bookings for Expedia-listed properties in countries where it doesn't currently offer ride-hailing services and plans to offer bookings for the Expedia-owned Vrbo later this year. The companies did not disclose the terms of the partnership. China's second-largest electric vehicle maker reported a weaker bottom line but says its core profit grew thanks to record sales and higher revenue. Geely Automobile says currency swings dragged its first quarter net profit twenty-seven percent lower to about six hundred nine point nine million dollars. But its closely watched core profit grew thirty-one percent from a year earlier, beating expectations.