ride hailing

Grab staff urged to take no-pay leave; driver financial support may not extend past June 1

GRAB is urging its staff to take no-pay leave voluntarily as the novel coronavirus outbreak continues to batter its business. The ride-hailing firm also told its drivers that it may not be able to...

China's ride-hailing decline hurting car sales: report

[BEIJING] The use of ride-hailing apps is declining in China as operators scale back incentives for drivers, contributing to the slowdown in car sales in the world's biggest auto market, according...

Gojek to take measured approach to regional expansion, focus on sustainable growth

GOJEK said it will take a measured approach to regional expansion, as it launches what is only its second service in Singapore after a year of ride-hailing operations.

Singapore-based ride-hailing app TADA enters Vietnam

TADA, the blockchain-based ride-hailing app based in Singapore, launched in Vietnam on Monday - less than a week after opening in Cambodia.

Toyota’s US$1b investment in Grab is credit positive for both: Moody's

TOYOTA'S US$1 billion investment into Singapore-based ride hailing platform Grab is credit positive for both companies, Moody's Investors Service said in a note released on Monday.

Indonesia's Go-Jek acquires 3 fintech firms to boost payment services

[JAKARTA] Indonesia's Go-Jek has acquired three financial technology businesses, as it expands from ride-hailing and other mobile on-demand offerings into payments and other services.

Grab raising US$1.5b in new funding round

[HONG KONG] Grab, Uber Technologies Inc's largest rival in South-east Asia, plans to raise more than US$1.5 billion in a new funding round backed by SoftBank Group Corp, people familiar with the...