Two-month-old TiinTiin wants to offer not only used cars but also motorcycles and more this year. Go to Source
Author: Tech In Asia Online News
Former Grab execs’ AI startup nets $7m in series A money
The round was co-led by Lightspeed Venture Partners and Falcon Edge Capital. Go to Source
Grab to let go of 360 employees
Grab CEO Anthony Tan said the move would be the last organization-wide layoff this year. Go to Source
Ride-hailing startup Tada closes extended series A round
The company will use the new funds to continue expanding its existing markets and explore new services like delivery. Go to Source
Ola cuts 1,400 jobs as revenue drops by 95%
Ola’s decision follows Grab and Uber’s downsizing measures as the ride-hailing sector fights to weather the crisis. Go to Source
A roadmap for online travel’s long, painful path to recovery
As the pandemic continues unabated, online travel companies need a runway of 18 to 24 months to survive. But it may come at a significant cost. Go to Source
Grab braces for a ‘long winter’ as Covid-19 drags down revenues
Grab co-founder Hooi Ling Tan said that the company’s overall revenue fell lower than its pre-pandemic numbers. Go to Source
Didi says core business becoming profitable as China recovers from Covid-19
Didi president Jean Liu revealed that the company’s ride volumes had gone back to about 60% to 70% of its numbers before the pandemic. Go to Source
Grab offers no-pay leaves, reduced working hours to staff
It might also no longer be able to provide drivers with extra financial support if Singapore’s circuit breaker restrictions are extended. Go to Source
Grab set to make ‘tough decisions and trade-offs’ amid Covid-19 outbreak
It plans to right-size its costs and manage capital more efficiently to weather the storm. Go to Source