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(Reuters) - Singapore-based ride-hailing and payments firm Grab on Monday named Alex Hungate, the CEO of in-flight catering services firm and airport ground handler SATS, as its new chief operating officer, with effect from January 2022.
Grab is pushing into the Indonesian financial market, through acquiring a majority stake of mobile wallet provider Ovo from its competitor Tokopedia.
SINGAPORE: Grab Holdings Inc, South-East Asia’s ride-hailing and delivery giant, cut projections for 2021 as the region is battling one of the world’s worst Covid-19 outbreaks due to the fast-spreading Delta variant.
SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group's first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries business.
Fintech firm gets deeper pockets to tap wider revenue streams and new markets
SINGAPORE (Reuters) - Grab, which is going public through a merger worth US$40 billion with special-purpose acquisition company Altimeter Growth Corp , said on Wednesday it expects to complete the business combination during the fourth quarter.
SINGAPORE (Bloomberg): Singapore real estate startup PropertyGuru Pte has agreed to acquire all of the shares in REA Group Ltd.’s operating entities in Malaysia and Thailand, marking the biggest acquisition in its 14-year history.
JAKARTA (The Jakarta Post/ANN): During a media event on Tuesday (May 18), top executives from the newly minted tech giant GoTo, a merger of homegrown decacorn Gojek and e-commerce platform Tokopedia, joked about their companies’ taglines.
SEA Ltd., Southeast Asia’s most valuable company, more than doubled revenue in the first quarter, though losses swelled as it spent to ward off competition in the regional e-commerce and online entertainment arenas.