Sharing/On-demand Economy Services

About 30% of S&P 500 companies are slated to report earnings in the coming week, according to FactSet. Two Dow Jones Industrial Average components—construction-equipment company Caterpillar Inc. and biotechnology company Amgen Inc. —are on tap to report.…

Passengers boarding Uber ride-share cars at Los Angeles International Airport. Photo: DAVID SWANSON/REUTERS…

SINGAPORE—Chinese authorities fined ride-hailing company Didi Global Inc. DIDIY 5.12% the equivalent of about $1.2 billion, bringing an end to a yearlong investigation into the company’s cybersecurity practices. The fine accounts for about 5% of Didi’s revenue last year, and is the largest regulatory penalty imposed on a Chinese technology company by this metric since Beijing launched a clampdown on its internet giants two years ago.…

Lyft Inc. has shed about 60 people while hitting the brakes on renting its cars to riders and consolidating its global operations team, according to people familiar with the matter and an employee memo reviewed by The Wall Street Journal. The cuts covered less than 2% of staff and mainly affected employees who worked in operations, the people said. In a memo to some staff sent Tuesday, the company said it was folding the part of its business that allowed…

SINGAPORE—Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing company Didi Global, DIDIY 12.97% bringing an end to a yearlong investigation into the company’s cybersecurity practices, according to people familiar with the issue. Once the penalty is unveiled, the government plans to ease a restriction banning Didi from adding new users to its platform, and to allow the Beijing-based technology…

The Justice Department said it settled a case with Uber UBER 4.82% Technologies Inc. that alleged the ride-hailing company wrongfully charged wait-time fees to passengers with physical disabilities. Under the settlement, Uber will “offer several million dollars in compensation” to more than 65,000 users who, because of their disability, needed more time to enter a car and were charged a waiting fee, the Justice Department said Monday.…

Grubhub recently offered New Yorkers a deal that the online food-ordering company hoped many couldn’t refuse: free lunch.The May promotion, which promised $15 worth of free food to people who ordered through Grubhub’s app, overwhelmed Grubhub’s system, with as many as 6,000 takeout and delivery orders coming in each minute at the peak of the promotion. Once the market leader in online restaurant food ordering in the U.S., Grubhub now lags behind DoorDash Inc. DASH 1.11%…

Look! Up in the sky! Is it a bird? A plane? No, it’s super…apps. Unlike regular apps, which for years have been built to do one thing well, so-called super apps can do it all, or at least that’s the idea. By granting them powers that previously required firing up many other apps, their builders hope you’ll spend more time with them than ever. If the phrase “super app” sounds familiar, it’s because a procession of big-name tech companies have been touting the idea recently, including Uber, Spotify, PayPal, Snap and…

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.Grubhub’s parent, Netherlands-based Just Eat Takeaway.comsaid Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from select restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms focused on adding new…

Two Chinese technology companies said they have resumed registering new users, the latest sign Beijing is dialing back a regulatory campaign that had hurt economic activities in the country’s tech sector.Logistics platform Full Truck Alliance and online recruitment firm Kanzhunsaid Wednesday that Chinese authorities lifted a ban preventing the companies from registering new users, signaling the end of a year-long cybersecurity probe. Two Chinese technology companies said they have resumed registering new users, the…