Sell-offs show tech players’ pursuit of profitability not enough to win over investors
IT HAS been 17 months since Sea became the first big regional tech player to lay out plans for profitability.
Grab reports first ever quarterly profit of US$11 million for Q4 2023; announces share buybacks
NASDAQ-LISTED Grab is reporting its first profitable quarter since business combination, with a profit of US$11 million.
Grab shares plunge after poor outlook clouds first buyback plan
GRAB’S shares slid the most in more than nine months after the ride-hailing leader forecast 2024 revenue below analysts’ estimates, suggesting a...
Grab-GoTo merger a quick fix but hard sell
SOUTH-EAST Asia’s ride-hailing giants are at it again. Singapore’s Grab and Indonesia’s GoTo have reportedly restarted talks for a mega merger, three...
Ride-hailing firm GoTo denies discussions of merger with Grab
INDONESIA’S GoTo, one of South-east Asia’s biggest ride-hailing companies, said on Tuesday (Feb 13) that it was not in any discussion with...
End of pandemic boom may push some food delivery firms into survival mode
FOOD delivery has come off the heady growth experienced in the early days of the pandemic.
Grab, GoTo to revive talks for ride-hailing mega-merger: sources
SOUTH-EAST Asia’s biggest ride-hailing companies, Grab Holdings and GoTo Group, have restarted talks for a merger, a potential blockbuster combination aimed at...
Foodpanda parent denies collapse in talks to sell South-east Asian units
DISCUSSIONS to sell foodpanda in selected South-east Asian markets are still ongoing and have not collapsed, food delivery giant Delivery Hero announced...
Fare affordability and service reliability key focuses for Grab in 2024: Singapore MD
KEEPING fares affordable, boosting driver income and improving service reliability will be key focuses for ride-hailing giant Grab in 2024, said its...
Competition watchdog conducts in-depth review on Grab’s proposed takeover of Trans-cab
THE Competition and Consumer Commission of Singapore (CCCS) has started an in-depth review of the proposed acquisition of Trans-cab by Grab.