As the ride-hailing and food delivery business thrives, Grab is leveraging its growing user base to build yet another ancillary business in GrabAds. Go to Source
Author: Tech In Asia Online News
GrabWheels banks $30m to drive two-wheel EV adoption in Southeast Asia
The funding is part of GrabWheels’ ongoing series A round. Go to Source
Ads could become Grab’s $245m-plus cash cow
And if it milks this opportunity for all it’s worth, revenues could be much higher, our analysis shows. Go to Source
Malaysian car-sharing startup Moovby raises $500k for regional expanison
It plans to enter Singapore and Thailand this year. Go to Source
Indonesia adds Gojek, Grab prices to inflation calculation
The two companies’ services, along with the other new components, are “growing significantly and have substantial economic activities.” Go to Source
Tencent’s inroads into India threatened by calls to ban popular game PUBG
The country is a prime target for the Chinese social media and gaming giant, but it won’t be an easy conquest amid moves to ban its bestselling title. Go to Source
Indonesia’s MNC Group to acquire ride-hailing firm Anterin
Anterin, which has 300,000 drivers on its platform, will diversify its business after the acquisition. Go to Source
Gojek to suspend 120 drivers for allegedly using fake apps
Modified apps allow drivers to bypass Gojek’s verification process, fake their location, cancel jobs without penalty, and view passenger information. Go to Source
GrabCar Elektrik launches in Indonesia
The company plans to deploy 500 electric cars on the road by this year. Go to Source
Starting Carousell hasn’t been a walk in the park for CEO Quek Siu Rui
“I have this almost extreme view of the world where if you do something, you’ve got to do it well and good.” Go to Source