grab

Don't Miss:

06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )

Retail Asia18/05/2021

Indonesia headquartered on-demand multi-service platform and digital payment technology group Gojek and e-commerce platform Tokopedia have completed Indonesia’s largest-ever deal to create GoTo, Southeast Asia’s largest privately held technology firm. Amid growing competition among e-commerce platforms and super-apps, Gojek and Tokopedia giants have merged to form a multi-billion dollar company that will span e-commerce, e-payments, courier […]

CONTINUE READING

Retail Asia14/04/2021

Grab Holdings is set to announce as early as Tuesday a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing. The merger will make it the biggest blank-check company deal ever. Southeast Asia’s largest ride-hailing and food delivery firm Grab’s agreement with a special purpose acquisition […]

CONTINUE READING

Retail Asia13/04/2021

Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings agreed a merger on Tuesday with US-based Altimeter Growth Corp in a deal that values Grab at an initial proforma equity value of about US$39.6 billion and will lead to a public listing The merger, the biggest blank-check company deal ever, underscores the frenzy on […]

CONTINUE READING

Retail Asia09/04/2021

The deal – the largest merger between a company and a blank cheque company – will value the SoftBank-backed firm at about $35 billion. The Singapore-based technology group could finalize an agreement to list with one of Altimeter Capital’s special purpose acquisition companies (SPACs) as soon as this week. Grab will raise about $2.5 billion through […]

CONTINUE READING

Retail Asia17/03/2021

The London-headquartered online money transfer service plans to expand its product globally over the next few years to lower the cost of international transactions. Wise has appointed Tan Hooi Ling, co-founder of super app Grab, and Clare Gilmartin, former CEO of digital rail ticketing platform Trainline, to its board as director designates, the company announced in a blog […]

CONTINUE READING

Retail Asia12/03/2021

The technology platform and ride-hailing giant is reportedly considering a merger with an SPAC, but a U.S. listing via a traditional IPO is not off the table. J.P. Morgan and Morgan Stanley, which are advising Grab on its IPO plans, are in the midst of identifying special purpose acquisition companies (SPACs) for the company to merge […]

CONTINUE READING

Retail Asia11/03/2021

Grab Holdings and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks. The region’s two most valuable startups have narrowed their differences of opinion, though some parts of the agreement still […]

CONTINUE READING

Retail Asia11/03/2021

Gojek has joined rival Grab in backing Indonesian state-backed e-wallet company in its Series B funding round. Gojek’s joining as a strategic shareholder will provide LinkAja access to the Gojek ecosystem to support LinkAja’s mission in accelerating financial inclusion in Indonesia, LinkAja CEO Haryati Lawidjaja said in a statement. As part of the deal, the ride-hailing giant will […]

CONTINUE READING

Retail Asia03/03/2021

Standard Chartered will look to expand its funds and discretionary portfolio management business with the hire of an industry veteran in Singapore. Chandrima Das joins the bank as its global head of management investments, according to a statement, reporting to global head of wealth management Marc van de Walle. Das has over 20 years of banking and […]

CONTINUE READING

Retail Asia26/02/2021

The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans. The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the Grab-Singtel digibank, according to an announcement on its website. The hiring drive was announced at a signing […]

CONTINUE READING

Retail Asia21/01/2021

Hong Kong-based health and beauty retailer AS Watson has partnered with Grab to launch an online and offline collaboration across Southeast Asia. The partnership will allow customers to access more than 62,000 health and beauty products at Watsons stores via Grab services, expanding Watsons’ online reach in Southeast Asia. The service is available in six […]

CONTINUE READING

Retail Asia20/01/2021

Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters. The IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share […]

CONTINUE READING

Retail Asia05/01/2021

Southeast Asian ride-hailing and food delivery firm Grab is seeking a $750 million term loan, a term sheet showed on Monday after it announced that total group net revenue jumped by about 70% year-on-year in 2020 and had recovered to comfortably above pre-pandemic levels. “In addition, we’ve hit our growth and profitability targets, and reached […]

CONTINUE READING

Retail Asia05/01/2021

The Indonesia-headquartered super-app is reportedly in advanced merger talks with local e-commerce marketplace Tokopedia, ahead of a planned initial public offering of the combined entity. Indonesia’s two most valuable start-ups have signed a detailed term sheet to conduct due diligence of each others’ business, a «Bloomberg» report on Tuesday said. The deal would create an internet […]

CONTINUE READING

Retail Asia09/12/2020

Hundreds of GrabBike riders on Monday turned off their app and gathered at the company’s office to protest its increased commission rate after the government raised tax. The office of ride-hailing firm Grab in Hanoi’s Cau Giay District was swamped by large, green-clad-rider crowds demanding the company reimpose its previous rate of commission. The gathering […]

CONTINUE READING

Retail Asia07/12/2020

Grab Holdings. and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks. The region’s two most valuable startups have narrowed their differences of opinion, though some parts of the agreement still need to be […]

CONTINUE READING

Retail Asia24/11/2020

Grab remains the dominant player in the Vietnamese ride-hailing market with close to a 75 percent share, and is widening the gap with competitors. Global market advisory firm ABI Research said Grab completed 62.5 million rides in the first six months of 2020, or 74.6 percent of the market, an increase from last year’s 73 […]

CONTINUE READING

Retail Asia20/11/2020

Taxi associations in the country’s three biggest cities have taken their grievances against Grab to the National Assembly. According to the associations representing operators in Hanoi, Da Nang and Ho Chi Minh City, Grab’s current operating model allows it control over fares. It is only registered as a technology company in Vietnam, they said. Based […]

CONTINUE READING

Retail Asia16/09/2020

The Chinese e-commerce giant is in talks with Singapore-based ride-hailing and payments firm Grab over a potential $3 billion investment into the company. Part of the funds will be used to purchase Grab stock held by Uber, which acquired 23.2 percent of the company when it exited Southeast Asia in 2018, as reported on Monday, […]

CONTINUE READING

Retail Asia16/09/2020

Attracted by a massive database of customer behavior spanning eight countries, Chinese tech giant Alibaba is said to be on the brink of investing US$3 billion into Grab Holdings. With its origins as a ride-hailing company Grab has expanded into an app-anchored ecosystem covering food delivery, payments, courier services, and wealth management. It also operates […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X