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
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Johor property old hand KSL readies family handover amid market boom
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
