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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.
The arrangement would give Grab all of Uber's operations in the region (including UberEats) in return for a stake between 25 to 30 percent in the combined business. Neither party has officially ...
Grab, Uber's rival in Southeast Asia, acquires Uber’s Southeast Asia operations. As part of the acquisition, Uber will take a 27.5% stake in Grab. [57] April 12: International expansion: Uber launches in Buenos Aires, Argentina amidst claims of illegality and taxi protests. [58] May 7–9: Local retreat
Although the term "ridesharing" is used by many international news sources, [9] in January 2015, the Associated Press Stylebook, the authority that sets many of the news industry's grammar and word use standards, officially adopted the term "ride-hailing" to describe the services offered by these companies, claiming that "ridesharing" doesn't accurately describe the services since not all ...
Grab Holdings Inc (NASDAQ:GRAB) will partner with OpenAI to integrate generative AI into its app, marking OpenAI’s first collaboration in Southeast Asia. The Uber Technologies, Inc (NYSE:UBER ...
Considered as one of three super-app giants in Southeast Asia (other than Grab and Shopee), [8] GoTo is the most valuable startup in Indonesia and contributes to about 2% of the country's GDP. [ 9 ] [ 10 ] The company (as Gojek or GoTo) has been included multiple times in Fortune 's Change The World List, which includes tech companies such as ...
By Yuvraj Malik and Arsheeya Bajwa (Reuters) -Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series ...