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Grab Holdings Inc. surpassed projected revenues for the third quarter, thanks to strong consumer spending on its ride-hailing and food delivery services. The increase in user numbers can be linked to the company’s efforts in expanding its platform. Grab’s…
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…
The company said on Tuesday that the Spanish ride-hailing app Cabify has raised $110 million in financing to accelerate its growth in Latin America and Spain. Cabify closed the funding round with participation from investors like Orilla Asset Management and…
China issued guidance on Tuesday to strengthen protection of employee rights and interests in new transport sectors. In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms and provide social insurance…
Vu Hoang Yen has been appointed the new CEO of Be Group, which runs the eponymous ride-hailing app, starting Wednesday. She replaces Nguyen Hoang Phuong who has resigned citing personal reasons. A graduate of the London School of Economics, Yen has previous…
China’s biggest ride-hailing firm Didi Global said on Sunday that the removal of its “DiDi Chuxing” app from smartphone app stores in China is expected to have an adverse impact on its revenue. Earlier on Sunday, China’s cyberspace regulator ordered app…
Ride-hailing firm Grab plans to launch electric car services in Vietnam and Indonesia after piloting a program in Singapore at the end of this year. Grab is partnering with South Korea’s automotive manufacturer Hyundai Motor to encourage the adoption of…
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,…
Bird, an electric scooter rental company, said on Thursday it had raised $275 million in a funding round led by Canadian pension fund CDPQ and Sequoia Capital, as it looks to take a bigger share of a rapidly growing transportation sector. The deal values the…
Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday. Details of the stake were not known and the source did not want to be identified as the…
