Sony to form alliance with cab companies as Uber steps up Japan presence

Sony Corp. is jumping into the ride-hailing fray. The Tokyo-based electronics giant plans to form a joint venture with six taxi operators in Japan this spring, according to a statement Tuesday. The alliance comes as Uber Technologies Inc., the world's biggest ride-hailing startup, is in talks with another cab company as it tries to build its presence in the country. After years of little action, Japan's lackluster ride-hailing industry is suddenly seeing a lot of activity. Uber CEO Dara Khosrowshahi is visiting the country to underscore the importance of its ¥1.7 trillion ($16 billion) taxi market.