Articles tagged “grab”

How Not to Close an Island: Tourism Lessons From Indonesia

How Not to Close an Island: Tourism Lessons From Indonesia

Raini Hamdi, Skift

Closing islands for a rehab seems fashionable in Southeast Asia. It shouldn’t be. Authorities must first assess options carefully, and by no means should premature announcements be made. Just look at the Komodo Island example and the wrong messages Indonesia has sent about one of its most unique tourism assets.

6 months ago

Indonesia’s Gojek Says It Will Raise $2 Billion By Year’s End

Indonesia’s Gojek Says It Will Raise $2 Billion By Year’s End

Yoolim Lee, Bloomberg

Gojek's optimism it will raise $2 billion by the year's end is not misplaced. Though the funding is less than half of Grab's $4.5 billion, Gojek has its strengths. It is more creative, expanding into medicine and massage delivery even, and is more marketing-savvy than Grab.

6 months ago

Grab Will Pump in Another $150 Million Into Artificial Intelligence

Grab Will Pump in Another $150 Million Into Artificial Intelligence

Yoolim Lee, Bloomberg

A further investment into artificial intelligence and localized languages — underserved in Southeast Asia — will give Grab a huge edge over its archrival. So watch out, Gojek.

6 months ago

Grab to Pump $500 Million Into Vietnam as More Rivals Enter After Uber’s Exit

Grab to Pump $500 Million Into Vietnam as More Rivals Enter After Uber’s Exit

Raini Hamdi, Skift

After Indonesia, Grab’s next biggest battleground is Vietnam. No surprise there, it's a rapidly growing economy with all the ingredients for a ridehailing explosion. Naturally Grab is not alone — rivals are aplenty.

6 months ago

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Go-Jek Snags Undisclosed Funding From Thailand’s Largest Bank

Anuchit Nguyen and Yoolim Lee, Bloomberg

Southeast Asian banks are investing in the region's biggest ridehailing rivals, Go-Jek and Grab, to hitch a ride on their expansion into financial services. These unicorns have moved beyond ridehailing, with payments being a hotly-contested battleground.

8 months ago

Will Asia’s Grab Prove That Ridehailing Apps Can Be Global?

Will Asia’s Grab Prove That Ridehailing Apps Can Be Global?

Raini Hamdi, Skift

The vision of global, interconnected ridehailing is sweet, and Asian player Grab wants to lead the way. But there is good reason to be skeptical.

8 months ago

Grab Invests in Splyt to Give Users a One-App Ridehailing Solution Globally

Grab Invests in Splyt to Give Users a One-App Ridehailing Solution Globally

Raini Hamdi, Skift

What if you could use your everyday ridehailing app anywhere in the world? No more cumbersome downloads of another app or losing loyalty points from your app. That’s what Grab wants to achieve with its investment in Splyt. Too good to be true?

8 months ago

SoftBank Is In for Long Haul With Massive Ridehailing Bet

SoftBank Is In for Long Haul With Massive Ridehailing Bet

Pavel Alpeyev, Bloomberg

SoftBank founder Masayoshi Son is a big believer in Uber, and the company's upcoming initial public offering will make him and his company richer. But it sounds like he's thinking about the more lucrative rewards further down the line.

10 months ago

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

Dennis Schaal, Skift

Uber certainly isn't making a profit yet, which isn't the worst thing in the world, considering the mammoth market opportunity. Still, investors in its initial public offering should know it could take several years before that red ink turns black.

10 months ago

Grab Enters Travel Booking With Hotels Now and Flights Next

Grab Enters Travel Booking With Hotels Now and Flights Next

Raini Hamdi, Skift

In the face of a fast-growing and innovative rival, Grab’s foray into travel, starting with hotels, could give it an edge over archrival Go-Jek, which does not do travel — yet.

10 months ago

Google Maps Is Ready to Transform the World of Superapps: A Skift Deep Dive

Google Maps Is Ready to Transform the World of Superapps: A Skift Deep Dive

Dennis Schaal, Skift

Consumers in the West reach almost reflexively for the Google Maps app as the service becomes a nearly ubiquitous utility despite a dearth of messaging and payments. Whether it evolves into the next superapp may depend on whether users really want a do-everything app and the mood of regulators seeking to break up big tech.

10 months ago

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

Yoolim Lee and Pavel Alpeyev, Bloomberg

Already a major investor in Singapore's Grab, SoftBank is pumping in more big money into the ridehailing company, which is in a two-horse race with Indonesia's Go-Jek to gain dominance in Southeast Asia. We're tightening our seat belts watching this epic battle.

12 months ago