Overall, the region’s food delivery expenditure topped US$17.1 billion, driven by a surge in Vietnam, according to Momentum Works. Go to Source
Author: Tech In Asia Online News
Grab Vietnam competitor Be Group bolsters war chest with $30.3m round
Be Group, which aims to be EBITDA positive in 2024, also counts Vingroup founder Pham Nhat Vuong as an investor through his taxi firm GSM. Go to Source
How Airwallex’s APAC Payment Leaders Mixer helped drive a clearer vision for embedded finance
Representatives from Airwallex shared the firm’s latest findings on this rising trend in the finance sector. Go to Source
Ola Electric captures 40% market share in India’s two-wheeler EV segment
In 50 Words: The firm recorded over 30,000 registrations in December and hit a production milestone of 400,000 scooters in two years. Go to Source
Ex-Grab digibank head to help fight deforestation with new venture
Arkadiah is a nature tech company that “revives degraded lands through reforestation and agroforestry,” said CEO Reuben Lai. Go to Source
Zoomcar closes SPAC deal, eyes immediate trading on Nasdaq
Mohan Ananda, CEO of blank-check firm Innovative International Acquisition Corp., will be the first board chairman of the joint entity. Go to Source
BYD poised to surpass Tesla in global electric vehicle sales
In 50 Words: As of October, around 1.3 million out of the 3.6 million vehicles China exported this year were EVs. Go to Source
Xiaomi challenges Tesla, Porsche with launch of first EV
In 50 Words: Contemporary Amperex Technology and BYD supply the batteries for Xiaomi’s SU7, which stands for “Speed Ultra.” Go to Source
Honda starts production of electric SUV in Thailand
In 50 Words: The e:N1 vehicles will be sold in the country from Q1 2024. Go to Source
WeRide gets license to test autonomous driving in Singapore
In 50 Words: The company also holds self-driving vehicle permits in the US, the United Arab Emirates, and China. Go to Source