Singapore’s competition watchdog earlier found that the acquisition would significantly reduce competition in the market. Go to Source
Author: Tech In Asia Online News
Grab feeds F&B appetite with Chope acquisition
The super app also sees “a lot of potential” in extending Chope’s restaurant reservation services to its merchant-partner base across Southeast Asia. Go to Source
This battery replacement startup is getting juiced for an IPO
We spotlight a Malaysian battery replacement firm on the road to an IPO and a proptech firm that’s just raised funds. Go to Source
Grab’s Trans-cab buy would significantly reduce competition, watchdog says
Following the CCCS’ provisional decision, Grab and Trans-cab have 10 working days to respond by offering solutions to the competition concerns raised. Go to Source
The Malaysian battery replacement startup supercharging to IPO
Bateriku has attracted some of Malaysia’s largest institutional investors and is set on making larger bets, one of which is expansion to Indonesia. Go to Source
Singapore’s data center crunch could drive sector’s AI focus
Tech firms will likely leverage their presence in Singapore for AI workloads while shifting more traditional workloads to Malaysia and Indonesia. Go to Source
Growing pains for Grab and Sea amid profit push
We look at the challenges Southeast Asia’s tech titans face in continuing to grow and how Beijing has moved its driverless car push up a gear. Go to Source
How this SG car rental firm leveraged Grab to rev up profits
Check out our top articles for the week. Go to Source
Indonesia’s EV battery bet benefiting from regional supply chain shift: report
Strategic incentives have pushed foreign direct investments in the manufacturing space from less than US$2 billion in 2011 to over US$20 billion last year. Go to Source
SG car rental firm surfs ride-hailing wave to FY 2022 profits
Lumens founders Ryan Tan and Kuanyu Tan bootstrapped the company in 2014 with a fleet of just four cars, which has grown to over 3,000 so far. Go to Source