Uber Shares Tick Up After Ride-Hailing Subsidiary Carmeem Gets $400M Investment 

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An Uber owned ride hailing company, Karem Technologies got a $400 billion investment, a tech holding company in the UAE acquired a majority stake in the company though its ride hailing business is completely owned by Uber which paid $3.1 billion for it. In 2019, the new majority owners are going to be focusing on creating a super app for servicess beyond just ride, hailing like grocery delivery, digital payments and even laundry and cleaning services. Shares of Uber right now are up 1.78%.