In a battle for dominance against rival Uber, Ola had previously registered losses of US$736.2 million. Go to Source
Author: Tech In Asia Online News
Confirmed: Google, JD, and Tencent lead first close of Go-Jek’s series F round
Go-Jek claims to have seen more than $9 billion of annualized gross transaction value in 2018. Go to Source
Almost 30% of Go-Jek, 5% of Grab e-hails in Indonesia are fraudulent, study claims
Grab claims it has got the figure down to less than one percent. Go to Source
In brief: ‘Tesla of China’ raises $650m in convertible bond
Shanghai-based electric carmaker Nio will use the proceeds for research and development, sales and marketing, and manufacturing facilities development. Go to Source
In brief: Grab to build new $134m headquarters in Singapore
It will also be home to the firm’s largest research and development center. Go to Source
Grab gets $200m from JD ally Central Group
The Thai conglomerate runs a joint venture in the kingdom with Go-Jek investor JD. Go to Source
Lazada and Redmart to merge in regional groceries drive
Following Singapore, Lazada plans to launch supermarket services in at least one more Southeast Asian city during H2 2019. Go to Source
In brief: ‘Social’ ride-hailing startup in regional push to take on Grab and Go-Jek
Dacsee is expanding beyond its native Malaysia. Go to Source
In brief: Line partners with Visa to launch credit card
Users of the Line Pay mobile wallet will soon be able to make payments using a credit line, rather than relying on top-ups. Go to Source
Grab opens its regional center of excellence in Malaysia
Grab claims that it’s only natural for the company to contribute back to the country where it first started. Go to Source