Local Transit

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.

2 weeks 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.

2 weeks ago

Amazon May Invest in Indonesia Superapp Gojek

Amazon May Invest in Indonesia Superapp Gojek

Yoolim Lee and Crystal Tse, Bloomberg

Amazon is upping its presence in Southeast Asia, and currently has no toehold in Indonesia. This potential investment in Gojek could be an entry point there, as well as bolster its food delivery efforts in the region.

3 weeks ago

Uber and Lyft Back a ‘Responsible Tax’ to Ease Traffic Congestion

Uber and Lyft Back a ‘Responsible Tax’ to Ease Traffic Congestion

Romy Varghese, Bloomberg

Since ridehailing firms play a role in traffic congestion, they must pay “a responsible tax.” But it appears consumers will end up paying for that tax, if a proposal in San Francisco, where the disruptive industry started, gets through. Make sense?

2 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.

2 months ago

Japan’s Ridehailing Ban Forces Uber to Think Up Unique Strategies

Japan’s Ridehailing Ban Forces Uber to Think Up Unique Strategies

Takahiko Hyuga and Pavel Alpeyev, Bloomberg

Uber wants to grow in Japan, home to its biggest investor. But ridehailing is banned there. What's a person to do? Come up with innovations, some of which it can carry globally. Here's how.

3 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?

3 months ago

Uber to Launch Helicopter Rides in New York City

Uber to Launch Helicopter Rides in New York City

Hailey Waller, Bloomberg

It makes sense that Uber would start carving out a market in the air mobility space. Launching helicopter ridehailing is a first step toward paving a path for its electric vertical take-off and landing aircraft, which are currently in development.

3 months ago

Greyhound Up for Sale as Owner Bows to Investor Pressure

Greyhound Up for Sale as Owner Bows to Investor Pressure

John Bowker and Lisa Pham, Bloomberg

It didn't take long for activist investor Coast Capital to get its way. Let's see who wants to buy Greyhound.

4 months ago

Startups Target Asian Markets for Flying Taxis Debut

Startups Target Asian Markets for Flying Taxis Debut

Richard Weiss and Stefan Nicola, Bloomberg

Air taxis that can transport tourists and provide support flights after natural disasters can’t happen soon enough. However regulatory hurdles may delay their debut. Fortunately in Asia, cities such as Singapore and Dubai love them.

4 months ago

Rail Is the Next Big Thing for Asia’s Online Travel Platforms

Rail Is the Next Big Thing for Asia’s Online Travel Platforms

Raini Hamdi, Skift

After low cost carriers, the next big thing that will change the way Asians travel could be rail. A rail-volution is in the air and online travel platforms want in. But it’s not that easy. Here’s why.

7 months ago

Bad News for Jakarta Tourism as Mass Rapid Transit Project Hits a Glitch

Bad News for Jakarta Tourism as Mass Rapid Transit Project Hits a Glitch

Yoga Rasmana, Bloomberg

Any postponement of Mass Rapid Transit construction in Jakarta is bad news, not just for residents but business travelers and tourists who also must deal with crawling traffic. Hopefully, it's just a temporary glitch.

8 months ago