Grab contributes US$5.8b to South-east Asia economy in a year

GRAB contributed US$​5.8 billion to South-east Asia's economy in the 12 months leading up to March 2019, through driver, delivery, merchant and agent incomes and sales generated through its...

Grab facing off against Tesla taxis in Indonesia

[JAKARTA] In 2015, the shares of Indonesia's largest cab company were soaring, while its revenue reached a record high. Then came Uber, followed by Grab and Gojek, South-east Asia's answer to the...

Back to square one? Why are “asset-light” players in the sharing economy buying up property and cars?

FOUR years ago, an advertising and public relations executive penned these words about four up-and-coming companies: "Uber, the world's largest taxi company, owns no vehicles.

Heineken teams up with Grab to grow its business in South-east Asia

BEER lovers (of legal drinking age) will soon be able to have cold beer delivered to their doorsteps, thanks to a partnership between ride-hailing unicorn Grab, and international brewer Heineken...

Ex-GIC heavyweights bring heft to tech startups

SINGAPORE-BASED tech startups the likes of Razer and Grab are increasingly tapping GIC heavyweights to help steer their strategies forward.

Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

[JAKARTA] SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power...

ComfortDelGro ramps up tech in face of mounting competition

SINGAPORE - If you leave something behind in a ComfortDelGro cab, a robot will now help you hunt it down.

Grab couriers: Plans in place to minimise impact on commuters

A growing number of ride-hailing and taxi drivers are expected to take on courier jobs during the off-peak period, but commuters need not worry about this affecting the number of rides available...

Grab to splurge US$150m on AI to build super app

SOUTH-EAST Asian ride-hailing startup Grab Holdings intends to invest US$150 million in artificial intelligence and hiring more engineers over the next year, accelerating an expanding business...

Gojek chief says on track to raise US$2b before 2019's end

[SINGAPORE] Gojek is on track to raise US$2 billion in its ongoing funding round before the end of the year, accelerating capital-raising to drive an expansion into mobile payments and food delivery.