Musk mentioned that he is “a fan” of Narendra Modi, the country’s prime minister. Go to Source
Author: Tech In Asia Online News
Grab plans largest layoffs amid growing competition: report
Grab Holdings’ shares have slumped 70% since its NY stock-market debut in late 2021. Go to Source
Carro, JC&C join forces in $60m automotive strategic partnership
As part of the deal, JC&C will have a stake in the auto marketplace and a representative on its board. Go to Source
In 50 Words: Audi speeds up EV development, focuses on China market
Audi aims to cut development time down to 30 months from its current 48. Go to Source
Grab’s profitability path has a GMV roadblock
We look at a major hurdle on Grab’s path to profits and Shopee’s efforts to combat illegal drug selling on its platform in Indonesia. Go to Source
In 50 Words: VinFast unveils mini electric vehicle
VinFast’s new mini EV is just 3.1 meters long, smaller than the average compact car. Go to Source
TuSimple tests autonomous truck on key Japanese freight corridor
Its SAE Level 4 autonomous truck is expected to support Japan’s transport drivers, of which 45.2% are already aged 50 and above. Go to Source
Digibank licenses drive SME growth in SG, Hyphen Group hints at comeback
In The Top Up this week, we explore Anext and Green Link’s efforts to support SMEs and examine the implications of Hyphen Group’s recent rebranding. Go to Source
Grab’s GMV is stagnant. It needs to reverse that to break even
While EBITDA losses narrowed for a fifth consecutive quarter, the market was still skeptical of the company’s results. Go to Source
Tan Hooi Ling to relinquish operations roles at Grab
The co-founder will also give up her seat on the company’s board. Go to Source