Tesla no longer uses nickel in batteries, so why is it reportedly about to invest in Indonesia, home to the world’s largest nickel reserves? Go to Source
Author: Tech In Asia Online News
Charting Uber’s profit blueprint for Grab
The American ride-hailing company recently announced its first profitable quarter. Some metrics show Grab may be following close behind. Go to Source
SG competition watchdog opens Grab, Trans-cab merger for public comments
A section of Singapore’s Competition Act 2004 prohibits mergers that may substantially lessen competition in any market in the country. Go to Source
Grab’s payments arm posts 27% revenue growth in 2022, losses widen
GPay Network, the entity behind Grab’s payments unit GrabPay, generated a 33% year-on-year increase in operating costs. Go to Source
Tracing Uber’s and Grab’s path to profitability
Check out our top articles for the week. Go to Source
In 50 Words: Can Uber’s path to profit by a guide for Grab?
In Q2 2023, Uber made a GAAP operating profit for the first time. Go to Source
A ride-hailing firm and a taxi company walk into a bar
We dive into Grab’s planned acquisition of Trans-cab and look at social media app Bondee’s new CEO. Go to Source
In 50 Words: Indian used-car platform Spinny lays off 300 employees
The Tiger Global-backed company’s layoff comes amid a slowdown in post-pandemic demand for used cars. Go to Source
In 50 Words: Vanguard cuts Ola stake’s worth by over 50%
The move reduces Ola’s valuation to roughly US$3.5 billion. Go to Source
In 50 Words: Chinese firms invest in Korean battery industry to skirt US restrictions
By doing this, they can benefit from Korea’s free-trade agreement with the US and potential tariff reductions. Go to Source