Tech In Asia Online News – Page 27 – I wish I had more to offer

In 50 Words: Grab generates adjusted profits, revenue increase in Q3

The quarter marked the Singapore tech giant’s first-ever profitable quarter on an adjusted EBITDA level. Go to Source

The super app is not looking to replace Ming Maa, whose duties will be assumed by other executives. Go to Source

This is the first quarterly profit the Chinese ride-hailing firm has recorded since 2021. Go to Source

Grab COO Alex Hungate pointed out that the company has been making its services more affordable without relying on higher incentives. Go to Source

Delivering a strong quarter, the company narrowed its loss by 71% and grew its revenue by 61% during the period. Go to Source

These charts offer a snapshot of how Grab is performing. Go to Source

These markdowns reduced Ola’s valuation to around US$2.65 billion and PharmEasy’s to about US$550 million. Go to Source

Gogoro said it has conducted nearly 500 million battery swaps to date. Go to Source

This integrates the fintech firm’s services – including its e-wallet and BNPL offerings – with the Grab app in the country. Go to Source

Emerging D2C players in Southeast Asia earned US$52 billion in revenue last year, according to new report. Go to Source