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CORRECTED-UPDATE 3-Japan's Sony to form alliance to build taxi-hailing system [Reuters]

SONY CORP (SNE) 
Last sony corp earnings: 10/31 04:02 pm Check Earnings Report
US:NYSE Investor Relations: sony.net/sonyinfo/ir
Company Research Source: Reuters
Japan's Sony to form alliance to build taxi-hailing system | Reuters 3 Min Read TOKYO (Reuters) - Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture to develop an artificial intelligence-based hailing system. The partnership is the latest in a growing array of tie-ups between domestic taxi firms and tech companies, who see Japan as a potentially lucrative market but are prevented from offering ride-sharing services by stringent rules. Currently, non-professional drivers are barred from offering taxi services on safety grounds, and ride-hailing companies are limited to services that “match” users to existing taxi fleets via mobile platforms. Sony plans to build the AI-based hailing platform with Daiwa Motor Transportation Co Ltd and five other domestic taxi firms. This month, SoftBank Group Corp and China’s Didi Chuxing said they would roll out a venture in Japan this year to Show less Read more
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