Some media outlets and analysts are casting a pall on Gojek and Grab’s future initial public offerings. This conclusion is premature. Go to Source
Author: Tech In Asia Online News
In brief: Toyota mulls $550m investment in China’s Didi
The report added that Toyota was also looking to launch a new mobility services company in China. Go to Source
Grab launches AI challenge for Southeast Asia
The top 50 participants will be offered full-time positions in the company’s data science and AI team. Go to Source
Grab starts three-wheeler taxi service in Jakarta
Passengers will be charged about US$0.21 per kilometer for the service. Go to Source
Indian used cars platform Spinny raises $13.2m in series A
The company operates in Delhi, Gurugram, and Noida, and expects to open at least 5 more locations by the end of the year. Go to Source
Singapore’s Carousell bets on sustainability trend to drive growth
As sustainability becomes more of a concern, Quek believes that a “natural rebalancing” may occur in which consumers consciously seek out secondhand items. Go to Source
Chinese electric carmaker Xpeng to jump into ride-hailing despite Didi’s losses
The Alibaba-backed company could start trial services as early as this month, according to people familiar with the matter. Go to Source
A rare look at Go-Jek’s confidential numbers
Numbers tell a story, and as Grab and Go-Jek jostle in Southeast Asia, numbers become a tool to shape public perception. Go to Source
MVL’s ride-hailing app Tada launches in Phnom Penh
It also announced strategic partnerships with Cambodian mobile wallet app Pi Pay and Alibaba’s Alipay. Go to Source
In brief: Grab mulls spinning off payments, financial services biz
CEO Anthony Tan said that many investors had approached the company. Go to Source