Ride-sharing Dacsee eyes Asean markets after Malaysia

Ride-sharing services company Dacsee, is poised to expand to other Asean countries including Thailand after its successful official launch in Malaysia last July.

KUALA LUMPUR:  Ride-sharing services company Dacsee, is poised to expand to other Asean countries including Thailand after its successful official launch in Malaysia last July.

Dacsee said on Tuesday the number of bookings had jumped almost 800% since the launch and now it has set it eyes on Asean and South Korea.

The company is actively operating in major cities in Malaysia namely in the Klang Valley, Penang, Johor, Kota Kinabalu and Kuching in creating a safe and community-centric environment for drivers and passengers. 

It is the first in the world to provide ride-sharing services utilising the advantages of blockchain technology and decentralisation to reduce platform (middleman) fees and create a self-sustainable ecosystem. 

It said the app was also getting more attention among investors with the company value exceeding US$100mil (RM411mil).

Ride-hailing services in Southeast Asia are expected to surge to almost US$30bil by 2025 from US$7.7bil in 2018, according to a Google-Temasek report.

“We are expecting fast market expansion to capitalise on the large Asean market with a systematic approach," said Dacsee CEO Lim Chiew Shan.

Dacsee recently signed a memorandum of agreement with two public listed companies from South Korea, Hanryu AI Center Co. Ltd. and Sports Seoul Co. Ltd to start services in Korea. 

The companies will also be developing a unique artificial intelligence (AI) technology to be embedded on Dacsee’s platform. 

Hanryu A.I Center Co. Ltd develops AI software and network security products while Sports Seoul Co. Ltd. is in the media and entertainment industry.