Grab - Asia Tech Wire

Grab

2025.01.20

09:24

Didi launches overseas aggregated travel services, and its international online car-hailing business is already profitable

According to media reports, Didi is currently promoting two new actions overseas. The first is to launch overseas aggregated travel services on the domestic App. Didi aggregates and distributes orders by opening up access to transportation service providers and Didi's international business. Chinese users in eight countries, including South Korea, Japan, Singapore, Malaysia, Thailand, Indonesia, Cambodia and Vietnam, can also use Didi to call local online ride-hailing cars such as Grab and Kakao T. The second is to continue to deepen the Latin American market and expand instant delivery business. In addition to supermarkets and grocery merchants in markets such as Brazil, it will also deliver goods to local e-commerce merchants in the future. Didi International currently covers three major businesses: overseas online ride-hailing business is profitable, with an average daily order volume of nearly 10 million orders; food delivery business has become the first in Mexico, with a market share of more than 50%; financial business issues hundreds of millions of dollars in loans each year, ranking in the first echelon of consumer finance in Latin America.

2025.01.15

18:06

BYD, Grab enter partnership to offer EV rental deals to drivers

BYD on Wednesday announced a partnership with Southeast Asian mobility company Grab, which will allow Grab drivers to use up to 50,000 BYD electric vehicles in Southeast Asia.

2024.05.30

09:10

Grab, ChatGPT owner announce AI partnership

Asia Tech Wire (May 30) -- Southeast Asian tech company Grab and ChatGPT owner OpenAI announced on Thursday that they will collaborate to build and deploy advanced artificial intelligence solutions.

2024.02.23

05:11

Southeast Asia's Grab unveils first share buyback as it posts better-than-expected Q4 revenue

Asia Tech Wire (Feb 23) -- Southeast Asia's leading ride-hailing firm Grab Holdings Ltd. (GRAB) on Thursday reported better-than-expected revenue for the fourth quarter of 2023 and announced its first share buyback program.

2022.02.28

13:00

Indonesia tycoon partners with e-commerce company Bukalapak on online grocery business

Asian Tech Press (Feb 28) -- Indonesian tycoon Chairul Tanjung's CT Corp. is partnering with e-commerce company Bukalapak on an online grocery business.

2021.11.24

06:19

Southeast Asian ride-hailing giant Grab to go public in the U.S. as early as December

Asian Tech Press (Nov 24) -- Grab, the Southeast Asian ride-hailing giant and unicorn will go public in the U.S. as early as December, before it merges with Special Special Purpose Acquisition Corporation (SPAC), which will vote on the merger deal next week.

2021.09.03

08:36

Southeast Asia's Grab Starts Online Supermarket in the Philippines

Asian Tech Press (SEP 03) -- Southeast Asian ride-hailing giant Grab announced that it will launch GrabSupermarket in the Philippines further to expand its business beyond ride-hailing and food delivery to increase revenue.

2021.07.26

08:28

Indonesia's Emtek invests $375 mln in Grab's Indonesia unit

SINGAPORE, July 26 (Reuters) - Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab's Indonesia unit, the companies said in a statement on Monday, in what they described as a "strategic alliance."

2021.06.25

13:00

Hyundai and Grab announce enhanced partnership

South Korea's Hyundai Motor Group and Grab, Southeast Asia's largest ride-hailing company, announced to boost their partnership to increase the popularity of electric vehicles in Southeast Asia.Hyundai Motor Co. said in a statement on June 23 that the company and Grab are expanding their electric car service from Singapore and Indonesia to Malaysia and Vietnam.

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