Listing plan: Monitors display Uber signage in front of Morgan Stanley headquarters in New York. Uber is seeking a US$84bil valuation in what’s expected to be the year’s biggest US initial public offering. — Bloomberg
ALL it takes is a quick trip to Jakarta to realise that Uber Technologies Inc missed out on the opportunity of a lifetime.
Go-Jek Indonesia PT and GrabTaxi Holdings Pte, which started out as copycats of the US ride-hailing pioneer, have morphed into something far grander. Not only are their main car-hire businesses thriving, the companies have turned into super-apps that can satisfy a range of personal needs, from paying bills and ordering food to finding house cleaners. That’s helped make them South-East Asia’s two most valuable unicorns.
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