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Indonesian ride-hailing and delivery company Gojek has announced it will stop operating in Vietnam starting Sept. 16 after 6 years in the market. – It said the decision, made by its parent company GoTo after assessing its market presence in Vietnam, aims to…
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog. The Competition and Consumer…
Singapore-based ride-hailing company Tada will expand to Hong Kong in November with up to 4,000 vehicles as part of a collaboration with local taxi firms. “Singapore and Hong Kong share many similarities, which allows us to bring what we have learnt from our…
According to the Vietnam Internet Network Information Center, only 25% of businesses in Vietnam have a website with a national domain, compared to over 70% in Europe. Amid a growing trend of omnichannel commerce, many retailers invest only in social media and…
Indonesian tech firm GoTo and Chinese-owned partner TikTok will be wholly compliant in a month and a half with the Southeast Asian nation’s regulation that bans in-app transactions on social media, GoTo’s CEO said on Wednesday. Short video app TikTok acquired…
Grab Holdings reported its first quarterly profit on Thursday and unveiled a maiden share repurchase program, but the ride-share and food-delivery firm’s weak annual sales forecast fanned growth worries and weighed on its shares. While the Singapore-based…
Deliveroo today announced the appointment of Nick Price as General Manager for Deliveroo’s operations in Hong Kong. In his role, Nick will oversee Deliveroo’s business in Hong Kong, with a focus on growing the business and further establishing Deliveroo in…
GSM, an exclusively all-electric taxi company owned by Vietnam’s richest man Pham Nhat Vuong, plans to open services in Laos this year. The company, which uses only VinFast electric vehicles, aims to ship 150 electric cars to Laos first, and then increase the…
AirAsia Superapp is extending its partnership with Foodpanda, the region’s food and grocery delivery platform to Thailand, following its initial announcement regarding this collaboration back in May. As airasia Superapp focuses on its vision as a one-stop…
Delivery Hero is in advanced talks on a partial sale of its Asia business, the Wirtschaftswoche business magazine reported, saying Singapore’s Grab could pay a little more than US$1.07 billion. The Berlin-based company could sell its activities under the…
Singapore-based sneaker marketplace Novelship has bagged US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners, and GSR Ventures. The company said the new funds will be used to accelerate its expansion plans in Southeast Asia,…
Deliveroo today announced the launch of its new advertising platform, Deliveroo Media and Ecommerce, in Hong Kong. From now, brands will be able to advertise to Deliveroo customers with relevant offers across its app, on Deliveroo’s website and as part of…
Vietnamese internet company VNG Corp has filed for an initial public offering (IPO) in the United States via VNG Ltd, a U.S. Securities and Exchange Commission filing showed. The listing will make VNG the first technology firm from Vietnam to list in the U.S.…
Food technology company Enough, which has partnerships with Unilever and Marks & Spencer, has raised $43.5 million, attracting investment despite signs of a slowdown in the alternative meat and protein sector. Enough, which ferments fungi to produce protein…
More than a few workers made unemployed by increasing layoffs in Vietnam recently have become motorcycle taxi drivers only to realize it’s not a lasting solution. After starting his workday at 5 a.m., at 10 a.m. Le Van Manh had completed only one trip, which…
Vietnam-based fintech startup GIMO, which seeks to provide flexible salary payments to blue-collar workers, has completed its Series A funding round, raising $17.1 million. The final closing, comprised of a mixture of equity and debt financing, is led by…
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