The Southeast Asian ride-hailing company will also be slowing down its financial service push, its COO Alex Hungate told Reuters. Go to Source
Author: Tech In Asia Online News
Grab names new group CTO
Suthen Thomas Paradatheth served as Grab’s first technical lead when the firm was founded in 2012. Go to Source
AirAsia to launch car-hailing in Indonesia
The firm will first roll out the new service in Bali. Go to Source
AirAsia Rides builds on Gojek’s operations to battle Grab in Bangkok
AirAsia Rides is hoping its acquisition of Gojek’s ride-hailing operations in Thailand will help it establish a beachhead in Bangkok. Go to Source
Indonesian AI firm bags funding from local car parking app
Parkee is a unit of Centrepark Citra Corpora, a prominent car parking firm that operates acorss 50 Indonesian cities. Go to Source
Vietnam’s Be Group banks $60m loan to challenge Grab, Gojek
Launched in 2018, Be operates in 28 provinces and cities nationwide. Go to Source
Behind iQiyi’s long, painful road to profitability
IQiyi’s first quarter of profit-making seems to be more of a course correction, but mounting pressures lie ahead for the Chinese Netflix. Go to Source
The tech trends that will drive the future of Southeast Asia
Shifting mindsets and the arrival of Web3 are just some of the developments shaking up the region’s tech scene. Go to Source
Grab reports strong Q2 results, but shares plunge anyway
Grab can’t seem to catch a break: Despite reporting strong Q2 results, its shares plunged by 12% yesterday. We take a closer look. Go to Source
Grab’s Q2 revenue climbs 79%, losses narrow
The firm credited the growth to its efforts to cut costs, shutting down unprofitable business lines, and thinning down incentives. Go to Source