Would the company consider an M&A with a ride-hailing major, given how that seems like a natural fit? Go to Source
Author: Tech In Asia Online News
In brief: Uber’s Hong Kong taxi-hailing service notches up 180,000 rides in first month
“The business is growing very nicely,” according to Uber – though it accounts for less than 1% of monthly taxi trips in the city. Go to Source
In brief: Grab to raise another $2 billion
The funding will be a mix of debt and equity. Go to Source
In brief: Go-Jek is Southeast Asia’s second ‘decacorn’ with $10b valuation
The rising valuation comes as the app expands across the region. Go to Source
In brief: Uber appeals Singapore ruling on Grab deal, opens new APAC HQ
Despite its exit from Southeast Asia, Uber has selected the Lion City as the regional headquarters for its remaining Asia-Pacific operations. Go to Source
In brief: Grab said to consider spinning out financial services unit with Ant, PayPal
Backing the unit rather than Grab itself might make more sense for Ant Financial, given its push into Southeast Asia. Go to Source
Carro launches car subscription service in Singapore
Users can choose one of three monthly subscription plans, ranging from S$1,199 to S$1,999. Go to Source
Singapore’s Tribe Accelerator partners with BMW, Intel
The carmaker and chip designer will offer mentoring and tech guidance to startups participating in the program. Go to Source
In brief: Vietnamese ride-hailing app set for Singapore launch next month
FastGo is investing $3m in the city-state as part of a wider regional expansion. Go to Source
Race is on for Grab, Ant Financial, WeChat to gain an edge in financial services
The three companies have been making strides in Southeast Asia’s financial services market. Go to Source