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Tag: ride-hailing services

Retail Asia14/02/2019
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Living

Grab-Uber deal comes under fresh antitrust scrutiny in Vietnam

3min0
Vietnamese authorities are set to further investigate the merger between Grab and Uber last year for possible violation of antitrust regulations. The Competition Council said after a thorough examination of documents and arguments furnished by both parties it has discovered a number of new details related to possible violation of competition laws by ride-hailing platform Grab’s […]
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Retail Asia05/02/2019
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Living

Ride-Hailing Firms Enjoy Growth in Indonesia, but Face Fraud Challenge

7min0
Grab and Go-Jek, two of Southeast Asia’s biggest technology startups, have successfully grown their food delivery and ride-hailing services, but both must pay special attention to better detection of fraudulent orders, a recent study by Spire Research and Consulting Indonesia showed. The local unit of the Tokyo-based research company surveyed driver partners and customers to […]
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Retail Asia24/01/2019
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Living

​Vietnam’s FastGo eyes US, Brazil expansion

3min0
Vietnamese ride-hailing company FastGo plans to enter the U.S. and Brazil this year as it seeks to quickly expand overseas. Its CEO Nguyen Huu Tuat said that he is keen to compete with other ride-hailing apps in foreign countries. “Our investors are located in the U.S. and Brazil, that’s why we have chosen those places as […]
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Retail Asia18/01/2019
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Living

Indonesia to Regulate Ride-Hailing Rates Threatens Grab, Go-Jek Expansion

6min0
The government is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two officials said this week, creating potential obstacles for the companies’ expansion. The regulations would meet drivers’ demands for more oversight and higher rates but there are concerns that the rising costs to the companies could […]
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Retail Asia15/01/2019
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Living

Grab appeals $208,000 Vinasun compensation ruling

3min0
Grab has appealed a verdict by a Vietnamese court to pay compensation to domestic taxi firm Vinasun for causing it losses. Arguing that the order to pay VND4.8 billion ($208,000) by the first instance court was unlawful, the Singapore-headquartered Grab has asked the appellate court to quash the case. It wants the court to quash the verdict […]
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Retail Asia11/01/2019
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Living

Indonesia’s Go-Jek rejected in the Philippines

3min0
Indonesia’s Go-Jek suffered a setback to its expansion plans on Wednesday after the transportation regulator in the Philippines rejected its application to launch a ride-hailing service, saying its domestic unit did not meet local ownership criteria. However, the setback may only be temporary as the firm, whose backers include Google, could appeal the decision or […]
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Retail Asia03/01/2019
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Living

Vietnamese platform FastGo expands to Myanmar

3min0
FastGo, Vietnam’s first ride-hailing service, has kicked off operations in Myanmar as part of its Southeast Asia expansion plans. Its joint venture with Myanmarese conglomerate Asia Sun Group began offering services on December 28. CEO Nguyen Huu Tuat said at the launch that Myanmar is a promising market with the e-commerce, travel and retail sectors […]
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Retail Asia31/12/2018
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Living

Vietnam court orders Grab to pay Vinasun $208,000

7min0
Grab should pay Vinasun VND4.8 billion ($208,000) for damage it has caused the top taxi firm, a court ruled Friday. The People’s Court of Ho Chi Minh City said in its verdict that Grab had committed many mistakes in its operations in Vietnam, tantamount to unfair competition, which damaged Vinasun’s business. Before 2016, Grab had […]
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Retail Asia21/12/2018
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Living

FastGo can’t go, say Vietnamese authorities

5min0
Vietnamese ride-hailing firm FastGo, at odds with authorities over its legal status, asserts it is going by the book. According to the Ministry of Transport and the Ministry of Industry and Trade, FastGo is not yet eligible to be approved for a pilot phase, nor is it registered as a tech platform. In a written […]
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Retail Asia17/12/2018
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Automotive

Yamaha to invest $150 million in Grab Vietnam

2min0
Yamaha Motors has announced a $150 million investment in Grab to collaborate on motorcycle ride-haling. The collaboration will be for Southeast Asia in general and Indonesia in particular. Through this partnership, Yamaha Motors and Grab aim to “develop next-generation mobility services by implementing solutions and innovations,” Grab said in a press release issued Thursday. The […]
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Retail Asia17/12/2018
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Living

Grab Vietnam says Uber deal ‘no breach of competition laws’

6min0
Ride-hailing firm Grab has asserted that it did not breach Vietnam’s competition laws, contesting authorities’ definitions and interpretations. The assertion was a response to the Ministry of Industry and Trade, which said Wednesday that it had evidence that Grab’s acquisition of Uber violated Vietnam’s Competition Law . In a statement released Thursday, Jerry Lim, country head of […]
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Retail Asia17/12/2018
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Startups

Go-Viet, Grab Vietnam to face tight competition

3min0
Vietnamese technology startup Be Group Corporation officially launched its ride-hailing platform Thursday, with beBike and beCar. The latest entrant to a market dominated by the likes of Grab and Go Viet has set an ambitious target of partnering with 10,000 drivers in a few weeks, by the end of 2018, and 100,000 drivers next year. […]
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Retail Asia12/11/2018
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Living

Hyundai, Kia invest big in Grab

4min0
Hyundai Motor and Kia Motors will jointly invest $250 million into the world’s third-largest ride-hailing operator Grab, eyeing shared mobility services as a way to overcome faltering car sales, the companies said Wednesday.  Hyundai has already injected $25 million into Grab in January, so total investment on the Singapore-based company adds up to $275 million. […]
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Retail Asia24/10/2018
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Living

Taxi or not? Vietnam debate rages over Grab status

7min0
Transport authorities and taxi associations have reiterated that ride-hailing firm Grab should be treated as a taxi service, but experts disagree. Nguyen Cong Hung, vice chairman of the Vietnam Automobile Transportation Association (VATA), said at a recent meeting that it was incorrect to identify Grab as an electronic contract service firm. Hung said that legal […]
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