Covid-19 makes uneasy bedfellows of Grab and Gojek
Rising competition from Sea also adds impetus to a union
Add BT as a preferred source
Singapore
THE dominance of Grab over archrival Gojek outside of Indonesia may have become more obvious with Covid-19, and this may be a key factor spurring both South-east Asian unicorns closer towards a union, industry observers said.
Furthermore, a global tech rally has likely renewed the impetus for both firms to go public. Rising competition from stock market darling Sea is making consolidation a more attractive option as well, the observers told The Business Times (BT).
TRENDING NOW
Lower consent hurdle among changes proposed for en bloc sales to spur redevelopment, protect minority owners
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Philippines’ income upgrade hides grim reality for most Filipinos
