Southeast Asian super app Grab just announced its second quarter 2022 results. Below are nine charts – updated by quarter – that track the company’s performance. Go to Source
Author: Tech In Asia Online News
SoftBank-backed Socar sees post-IPO drop
The South Korean car-sharing firm saw its share price fall below its listing price an hour after its market debut. Go to Source
Baidu gets green light to deploy fully autonomous taxis in Chongqing, Wuhan
This marks the first time a company in China is allowed to offer ride-hailing robotaxi services without a human operator in the driver’s seat. Go to Source
Ex-Grab VN head launches robotics startup
Nguyen Tuan Anh was instrumental in building Grab’s country operations in Vietnam. Go to Source
How CFOs can balance their duties in driving startup growth
For these financial leaders, insights gained through digital transformation efforts are a key stepping stone. Go to Source
Ola Electric briefly suspends production at Future Factory
Ola said the decision was made to install of new equipment and for annual maintenance, according to the Economic Times. Go to Source
Coda Payments’ road to profitable gaming-fintech unicorn
The Singapore-based firm raised US$690 million at a US$2.5 billion valuation in early 2022, but it has been profitable for years. Go to Source
Didi may face over $1b fine as data security probe nears end
The hefty penalty accounts for nearly 4.7% of Didi’s total revenue in 2021, sources with knowledge of the matter told Reuters. Go to Source
Ola Electric to set up $500m battery research facility
Ola will hire 500 doctorate holders and engineers for the new facility. Go to Source
Sea, GoTo overtook Grab in ASEAN fintech space 2021, says report
E-wallet penetration is expected to overtake cash transactions in the region by 2025, according to a Morgan Stanley report. Go to Source