It was unclear whether the car spotted in the city was part of the ride-hailing firm’s content creation for social media, Vocket reported. Go to Source
Author: Tech In Asia Online News
SG firm raises $576k from NUS, others to build battery recycling plant
The 150-square-meter plant that will be built in Singapore will be able to process approximately 150 tonnes of lithium batteries a year. Go to Source
Mitsubishi fund invests in Japanese ecommerce firm
Super Studio will use the fresh funds to create new businesses and support digital transformation. Go to Source
Grab closes quick commerce service in Indonesian city
Grab said that after leaving Bandung, it will focus on scaling GrabMart Kilat in Greater Jakarta, where it sees strong consumer adoption. Go to Source
Didi may delist from the US on June 10
Public shareholders recently voted in favor of the move, but Didi has not informed them about the official exit date, Nikkei Asia reported. Go to Source
Didi may soon get regulators’ nod to add new users
Chinese regulators may also restore Didi’s mobile apps on local app stores, the Wall Street Journal reported. Go to Source
Carro buys 50% of Indonesian car rental firm
MPMRent, which has a fleet of more than 13,000 cars, is the vehicle rental unit of Indonesia-based automotive group Mitra Pinasthika Mustika. Go to Source
Will Grab’s investors end the trip or stay along for the ride?
Check out our top articles for the week. Go to Source
Musk warns of 10% job cuts at Tesla
An email also instructed executives at the electric carmaker to freeze hiring worldwide, Reuters reported. Go to Source
As Grab shareholder lock-ups expire, is fresh round of selling imminent?
Key investors who hold nearly half of Grab’s shares must decide whether to sell now at depressed prices or play the waiting game. Go to Source