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The London-headquartered online money transfer service plans to expand its product globally over the next few years to lower the cost of international transactions. Wise has appointed Tan Hooi Ling, co-founder of super app Grab, and Clare Gilmartin, former…
The technology platform and ride-hailing giant is reportedly considering a merger with an SPAC, but a U.S. listing via a traditional IPO is not off the table. J.P. Morgan and Morgan Stanley, which are advising Grab on its IPO plans, are in the midst of…
Grab Holdings and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks. The region’s two most valuable startups…
Gojek has joined rival Grab in backing Indonesian state-backed e-wallet company in its Series B funding round. Gojek’s joining as a strategic shareholder will provide LinkAja access to the Gojek ecosystem to support LinkAja’s mission in accelerating financial…
Standard Chartered will look to expand its funds and discretionary portfolio management business with the hire of an industry veteran in Singapore. Chandrima Das joins the bank as its global head of management investments, according to a statement, reporting…
The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans. The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the…
Hong Kong-based health and beauty retailer AS Watson has partnered with Grab to launch an online and offline collaboration across Southeast Asia. The partnership will allow customers to access more than 62,000 health and beauty products at Watsons stores via…
Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters. The IPO could raise at least $2 billion, one…
Southeast Asian ride-hailing and food delivery firm Grab is seeking a $750 million term loan, a term sheet showed on Monday after it announced that total group net revenue jumped by about 70% year-on-year in 2020 and had recovered to comfortably above…
The Indonesia-headquartered super-app is reportedly in advanced merger talks with local e-commerce marketplace Tokopedia, ahead of a planned initial public offering of the combined entity. Indonesia’s two most valuable start-ups have signed a detailed term…
Hundreds of GrabBike riders on Monday turned off their app and gathered at the company’s office to protest its increased commission rate after the government raised tax. The office of ride-hailing firm Grab in Hanoi’s Cau Giay District was swamped by large,…
Grab Holdings. and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks. The region’s two most valuable startups…
Grab remains the dominant player in the Vietnamese ride-hailing market with close to a 75 percent share, and is widening the gap with competitors. Global market advisory firm ABI Research said Grab completed 62.5 million rides in the first six months of 2020,…
Taxi associations in the country’s three biggest cities have taken their grievances against Grab to the National Assembly. According to the associations representing operators in Hanoi, Da Nang and Ho Chi Minh City, Grab’s current operating model allows it…
The Chinese e-commerce giant is in talks with Singapore-based ride-hailing and payments firm Grab over a potential $3 billion investment into the company. Part of the funds will be used to purchase Grab stock held by Uber, which acquired 23.2 percent of the…
Attracted by a massive database of customer behavior spanning eight countries, Chinese tech giant Alibaba is said to be on the brink of investing US$3 billion into Grab Holdings. With its origins as a ride-hailing company Grab has expanded into an…
