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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.
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.
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.
JAKARTA: Indonesia’s ride-hailing and payments giant Gojek has agreed to combine with e-commerce pioneer PT Tokopedia to create the largest Internet company in the world’s fourth most-populous nation.
Indonesia’s ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in the world’s fourth most-populous nation.
ALTIMETER Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April.
NEW YORK: As retail investors pump less money into blank-check companies, returns on those stocks are badly underperforming versus the S&P 500.