Eric Newcomer, Bloomberg
As the company prepares for its IPO, it wants investors to know that its ambitions are big. But it's hard to imagine scooters becoming wildly popular, and it's an expensive investment, especially at a time when growth of its core business is slowing.
2 weeks ago
Youlim Lee, Bloomberg
With more players in the market, Singapore no longer sees ridehailing firms as technology, but transport companies which should be subject to the same rules as street-hail operators. Safety is another big issue.
4 weeks ago
Francine Lacqua and Matthew Martin, Bloomberg
A blessing from Kingdom must be sweet news for Uber, which has been in talks to buy a majority share of its rival in Dubai. Whether it means much remains to be seen.
4 weeks ago
Raini Hamdi, Skift
Grab will hire an additional 1,000 tech employees in 2019, after doubling the number of software engineers, data scientists, and analysts it added this year to 2,000. A look at its next R&D hiring plan gives a few hints on what it is working on.
2 months ago
Raini Hamdi, Skift
Grab’s $100 million investment in Oyo is just the start of a strategy to have a tag-team under the same major investor, which is leveraging the strengths of each member of its portfolio. Expect to see more "teams of unicorns" attacking incumbents in the next year or so.
2 months ago
Raini Hamdi, Skift
Grab’s partnership with Indonesia’s tourism ministry, the first of its kind between a national tourism body and a ridehailing platform, reveals one of the initial ways it is trying to become Southeast Asia’s super app for a plethora of travel services.
3 months ago
Raini Hamdi, Skift
Grab is the go-to for motor companies wanting a piece of Southeast Asia’s future mobility market, as Hyundai’s additional tenfold investment shows.
4 months ago
Dennis Schaal, Skift
It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.
4 months ago
Yoolim Lee and Eric Newcomer, Bloomberg
The Southeast Asia sale to Grab follows Uber's exits in China and Russia as the company tries to get profitable ahead of an initial public offering. Uber retains stakes in these operations so one day it will share in the wealth.
11 months ago