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Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm, following similar deals by the U.S. firm in China and Russia.
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore.It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
Grab: 14 March 2019 [638] December 2021 [639] SPAC merger 40 Singapore Anthony Tan, Tan Hooi Ling: Pinterest: 13.0 July 2018 [640] April 2019 [641] IPO 10.0 United States Ben Silbermann, Paul Sciarra, Evan Sharp Snowflake: 12.4 Feb 2020 [642] Dec 2020 [642] IPO 33 United States Benoit Dageville, Thierry Cruanes, Marcin Zukowski Robinhood: 11.7 ...
Didi Chuxing (formerly Didi Kuaidi), the dominant player in China's ridesharing market, agrees to buy Uber China, Uber's business in China. [67] The Uber brand will be retained, but Didi would “integrate the managerial and technological experience and expertise of the two teams.” Uber reportedly lost $2 billion trying to make inroads in ...
The Uber Technologies, Inc (NYSE:UBER) competitor plans to use OpenAI’s text and voice capabilities to enhance app navigation for visually impaired and elderly users and to develop advanced ...
Yahoo Finance's Myles Udland, Jen Rogers, Dan Roberts, and Melody Hahm discuss the possible merger between two big players in the food delivery space. Grubhub surges on report it will combine with ...