This plan comes as part of Saudi Arabia’s efforts to diversify its economy. Go to Source
Author: Tech In Asia Online News
In 50 Words: Maxim challenges Grab, Gojek with affordable rides in Indonesia
The ride-hailing firm has an active user base of over 12 million people as of August this year. Go to Source
How this ride-hailing firm holds its ground against Grab, Gojek in Indonesia
Since entering the market in 2018, Maxim has expanded to over 200 cities across Indonesia. Go to Source
In 50 Words: Didi reduces Q2 losses 95% to $36.4m, aims for international expansion
Even with sluggish economic growth, its China business saw an increase in demand due to domestic travel. Go to Source
This Indonesian startup speeds up auto repair shops’ digital transition
Through its online procurement and invoice-based financing solutions, Bengkel Mania looks to help automotive workshops in Indonesia go digital. Go to Source
In 50 Words: EV market slump leads to 10% decrease in battery prices, report found
Demand for electric vehicles has caused a 10% decrease in battery prices in August. Go to Source
Grab product chief sells $368,000 in shares
Kandal acquired the shares in 2022 through the company’s share incentive plan, according to an SEC filing. Go to Source
Grab adds Web3 features to its app
Users can get NFT vouchers for popular restaurants and services in Singapore. Go to Source
In 50 Words: Ola Electric lands $140m in Temasek-led round
This brings the company’s valuation to US$5.4 billion, according to sources briefed on the matter. Go to Source
Delivery Hero’s long road to profit
After several years of suffering hefty losses, the Germany-based food delivery firm is in the black by one key metric for the first half of 2023. Go to Source