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In Ho Chi Minh City (HCMC), approximately 14,000 ride-hailing motorbike drivers have transitioned from gasoline-powered vehicles to electric versions. This represents about 3.5% of the total fleet. Ngo Hai Duong, Head of the Road Transport Management…
Grab, the renowned ride-hailing company, has launched its electric car service in Hanoi, marking a significant entry into the predominantly electric taxi market, primarily controlled by Xanh SM. This move is a strategic approach by Grab to expand their…
Former Indonesian Education Minister and co-founder of the ride-hailing company Gojek, Nadiem Makarim, has been detained and named a suspect in a corruption case. The case involves allegations of malfeasance concerning laptop procurement. Makarim will be held…
Meituan, China’s top food delivery company, has reported an 89 per cent decrease in its net profit during the second quarter. The company attributes this major drop to escalating competition in the ‘instant retail’ sector, which specializes in delivering…
My Food Bag Group, a prominent meal kit company, has experienced a favorable upward trend in growth during the second half of the fiscal year 2025 (FY25). This positive trajectory is reflected in the company’s increased profitability and the successful launch…
Ninja Van is making headlines this week with a significant restructuring aimed at sharpening its focus on business growth. A company spokesperson announced on Tuesday that recent layoffs form part of a broader strategy to enhance its business model,…
Swiggy, one of India’s leading online food delivery platforms, has reported a near-doubling of its quarterly loss compared to the same period last year. This increase in losses is attributed to a significant rise in marketing expenditures aimed at securing a…
Grab Holdings, a Singapore-based tech company, surpassed Wall Street’s revenue expectations in Q2, with a surge in consumption across its ride-hailing and food delivery services, seemingly unaffected by global economic uncertainties. Superapp Drive Pays Off…
Pony.ai, the Guangzhou-based autonomous driving company, is taking bold steps toward a new era of transportation by collaborating with state-owned giants Guangzhou Automobile Group and Beijing Automotive Group, alongside Japan’s Toyota. The ambitious goal? To…
Vietnamese ride-hailing platform Emddi has raised $2 million at online fundraising event Virtual Investment Day hosted by venture capitalist ThinkZone Ventures. The fund will be used to invest in human resources and expand its market share, Emddi spokesperson…
Indonesia’s biggest tech firm GoTo on Tuesday said it had slashed underlying losses in the second quarter to US$78.25 million, down from $280 billion a year earlier, helped by intense cost-cutting measures. GoTo, backed by Japan’s SoftBank Group and…
Hexnode, the award-winning Unified Endpoint Management (UEM) solution by Mitsogo Inc., has announced a major upgrade to Hexnode Automate, its built-in automation module. This significant update expands Hexnode’s Endpoint Management capabilities, introducing…
South Korea’s NAVER Corp. is making waves in the tech world with the launch of NAVER Ventures, its new global investment arm based in Silicon Valley. This initiative aims to support early-stage startups in North America and turbocharge the company’s global…
GrabCab, a new player in Singapore’s taxi market, is gearing up to launch next month, becoming the sixth taxi operator in the bustling city-state with an initial fleet of 40 electric hybrid vehicles. The move comes from Grab’s subsidiary, GrabRentals, which…
The Indonesian competition authority has initiated an investigation to identify potential risks associated with a potential merger between tech behemoths Grab and GoTo, according to the head of the agency. Muhammad Fanshurullah Asa, the head of the agency,…
Ho Chi Minh City is lighting up the entrepreneurial landscape as it secures a spot among the top five leading innovative startup ecosystems in Southeast Asia for the first time. This remarkable achievement highlights the city’s journey into becoming a…
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