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The Latest Breaking News from Grab

Elon Musk Twitter Case Deposition Delayed, FTX US Goes Shopping, Spotify's Analyst Sees Audiobooks Immaterial: Top Financial Media Stories Tuesday, Sept. 27

Bloomberg

Benzinga

Line Man Wongnai raises $265m in Series-B funds

Line Man Wongnai, a food delivery service operator, has raised US$265 million in Series-B fundraising, enabling its valuation to surpass $1 billion and thereby achieving unicorn status.

Bangkok Post

GrabMart to woo more small merchants

Grab, an on-demand superapp available in Southeast Asia, is sharpening its focus on "Quick Commerce" by ramping up efforts to attract small-sized merchants to its GrabMart platform to drive growth in this high-potential segment.

Bangkok Post

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Grab, Singtel join Singapore’s digital bank battle next week

Grab Holdings Ltd and Singapore Telecommunications Ltd plan to roll out a banking app next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

Bangkok Post

Co-payment spurs online food delivery

The new phase of the "Khon La Khrueng" co-payment scheme, scheduled to start next month, is expected to spark fresh competition in online food delivery services with leading market players Grab, Line Man Wongnai and Foodpanda rolling out campaigns to reduce their commission fee, known as gross profit (GP), throughout…

Bangkok Post

Easy loans for all

Major banks have continued to tap the underbanked, aiming to promote financial inclusion and further expand their customer base.

Bangkok Post

Heatwave fee for Asia's gig workers does little to cool climate stress

HO CHI MINH CITY/BANGKOK: As a heatwave engulfed northern and central Vietnam earlier this month, customers reaching for their phones to order food or a ride on the Grab app learned they would have to pay a surcharge.

Bangkok Post

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Root out rogue cabbies

Whether you're a local or tourist in Bangkok, hailing a meter taxi is a game of cat and mouse. Will you get an honest cabbie who goes by the meter? Will the driver return your full change at journey's end?

Bangkok Post

From eureka moment to global domination: a timeline of Uber’s aggressive expansion

As the Uber files shine a light on activities at the height of the app’s growth, we look at how it started and where it stands today

The Guardian - UK

Grab profitability imminent

Grab Thailand is aiming to attain profitability next year, which marks a decade of operations in the country, driven by its ride-hailing services and online grocery shopping.

Bangkok Post

In Philippines, fears for labour rights as Marcos takes power

Labour organisers are sceptical that incoming president will prioritise better working conditions in the gig economy.

Al Jazeera

Thousands of GrabBike taxis to be ordered off the road

Hundreds of thousands of regular passengers of GrabBike will be looking for alternative transport after the unregistered motorcycle taxis are removed from service in mid-July by order of the Department of Land Transport (DLT).

Bangkok Post

Why Grab Holdings Shares Are Trading Higher

Grab Holdings Limited (NASDAQ: GRAB) shares are trading higher after the company announced the launch of GrabMaps.

Benzinga

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Benzinga

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Benzinga

Why Grab Shares Are Soaring Today

Grab Holdings Limited (NASDAQ:GRAB) reported first-quarter FY22 revenue growth of 6% year-on-year to $228 million. Mobility segment acceleration and strong core food and groceries growth drove the growth as it expanded its merchant selection and contributions from Jaya Grocer. Revenue for Deliveries rose 70% Y/Y to $91 million, driven by continued growth in…

Bangkok Post

Grab sets out growth plans

Food delivery and ride-hailing company Grab has vowed to focus more on working with small restaurants, expanding its adult user base, providing loans for drivers and eateries, and driving customer subscriptions as part of its strategy to pursue sustainable growth.

StockNews.com

Do Not Buy the Dip: Grab Holdings and Wayfair

The stock market has suffered massive selloffs of late on growing worries about logistical disruptions, rising energy prices, galloping inflation, and forthcoming federal interest rate hikes. While stock price dips can offer attractive entry points to quality names, we think it could be wise to avoid fundamentally weak Grab Holdings…

Bangkok Post

Don't leave small businesses behind

The time has finally come again for the tourism industry. As many countries start learning to live with Covid-19, travel restrictions are being eased and people are hitting the road after staying put for more than two years.

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Bangkok Post

Challenges for Asean

Over two years after the coronavirus emerged, countries across Asia are slowly beginning to recover. In Southeast Asia, economic growth is projected to pick up to 5.1% this year, from 3.2% in 2021. With 400 million people, or 59% of the population, fully vaccinated, many economies are well on the…

Benzinga

Should Lyft and DoorDash Merge To Better Compete With Uber? Analyst Pierre Ferragu Thinks So

New Street analyst Pierre Ferragu thinks a merger between Lyft Inc (NASDAQ:LYFT) and DoorDash Inc (NYSE:DASH) would drive a 30% upside to the combined company's long-term EBITDA. Ferragu says combining the businesses would keep drivers busier, allowing them to make more money while also reducing the cost of finding new customers. The combination of food…

Bangkok Post

April Fools' Day Jokes That Should Be Real

Although April Fools' Day isn't a Thai tradition, to begin with, every year businesses and brands have jumped on this good-natured humour bandwagon with their out-there ideas for products and services. And I must admit some of them are simply brilliant that I wish they were true. Here're a few…

Benzinga

Grab Loses Its Tech Lead To This Crypto Gaming Startup

Grab Holdings Inc's (NASDAQ:GRAB) technology head quit the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture, Bloomberg reports. Wui Ngiap Foo, in charge of Grab's mobility-services fleet, would depart on March 31. Foo looked to join crypto gaming startup, Ethlas, as CEO and co-founder in the…

Benzinga

Here's Why Grab Shares Are Plunging Post Q4 Results

Grab Holdings Inc (NASDAQ: GRAB) reported a fourth-quarter

StockNews.com

3 Overvalued Financial Stocks to Avoid in February: Affirm, Grab, and Paysafe

The financial sector is expected to face a diminution of its loan asset quality this year. In addition, an anticipated interest rate increase is expected to exacerbate the global debt crisis, which might impact the global economic recovery. Given this scenario, we think the overvalued financial stocks Grab Holdings (GRAB),…

Bangkok Post

Kerry and Grab team up for new express delivery

Leading delivery company Kerry Express has partnered with Grab Thailand to introduce two new pick-up services this Valentine's season.

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