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Retail Asia24/01/2019

Singapore-based tech firm Mass Vehicle Ledger (MLV) launched its ride-hailing app TADA in Ho Chi Minh City Monday. HCMC is the third Southeast Asian market that the firm is entering after Singapore and Cambodia. Instead of billing commissions from drivers like other major players Grab and Go-Viet, the app aims to profit off advertising as […]

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Retail Asia15/01/2019

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 Asia17/12/2018

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

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 Asia12/12/2018

Kakao’s carpooling service was introduced Friday for beta testing and will be officially rolled out Dec. 17. The start of the service comes after months of battling fierce opposition from local taxi services. They staged a strike on Oct. 18, two days after the IT company started accepting applications from carpool drivers. With the beta […]

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Retail Asia27/11/2018

Uber Eats, the food delivery arm of ride-hailing major Uber, Thursday said it has appointed actor Alia Bhatt as its brand ambassador in India. India is the first country for Uber Eats globally where the company has appointed a brand ambassador, Uber Eats said in a statement. “Alia is an inspiration to Indian millennials and […]

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Retail Asia15/11/2018

The planned Starbucks Tokyo Reserve Roastery will open on February 28 next year. The outlet will launch in the Nakameguro district as the brand’s fifth global Reserve Roastery, designed and constructed in partnership with architect/Kuma Lab founder Kengo Kuma. Starbucks will build 100 new stores in Japan every year over the following three years, bringing […]

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Retail Asia30/10/2018

Food delivery app Uber Eats in partnership with Cafe Coffee Day (CCD) on Friday launched a network of virtual restaurants that will offer more choices of ‘delivery-only’ restaurant brands. The first restaurant brand under this partnership is scheduled to launch in mid-November on Uber Eats app, the company said in a statement. “We are thrilled to partner […]

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Retail Asia25/10/2018

Prosecutors have argued in a trial in HCMC that Grab must pay Vinasun compensation for losses it caused through “unhealthy competition.” At a hearing Tuesday the city People’s Procuracy rejected ride-hailing firm Grab’s argument that the court had no jurisdiction over the case, saying it does since it is a commercial dispute. Prosecutors also asked […]

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Retail Asia25/10/2018

Vietnamese ride-hailing app FastGo has expanded its services to provinces in Vietnam like Dong Nai and Binh Duong, provinces neighboring HCMC. FastGo aims to cater to high travel demand within the southern provinces and for commutes between the provinces and Ho Chi Minh City Nguyen Huu Tuat, general director of FastGo Vietnam, said that Bien […]

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Retail Asia24/10/2018

Aber, the second Vietnamese ride-hailing service, launched its Hanoi operations Friday, four months after making its HCMC debut. The ride-hailing market has seen new entrants after Uber’s departure, including Vietnamese firm FastGo, GoViet – a subsidiary of Indonesia’s Go-Jek, and the latest Aber. Aber estimates it will attract 5,000 taxi drivers and 5,000-10,000 motorbike drivers […]

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Retail Asia24/10/2018

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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Retail Asia22/10/2018

Kakao Mobility has opened recruitment for its carpool app, infuriating taxi drivers who are vehemently opposed to the move. According to the mobility company that operates taxi-hailing app Kakao T, recruiting drivers is one of the crucial steps in preparation for the launch of its carpool service. The hiring process opened on Tuesday with the […]

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Retail Asia18/10/2018

Uber Technologies Inc could be valued at US$120 billion (RM498 billion) when it finally goes public next year according to recent proposals made by US banks, citing people familiar with the matter. The ride-hailing company’s most recent valuation was pegged at US$76 billion, following a US$500 million investment from Toyota Motor Corp in August. As […]

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Retail Asia27/09/2018

Vietnamese ride-hailing services are struggling to compete with foreign firms Grab and Go-Viet due to a lack of resources. FastGo last month claimed to have 15,000 taxi and motorbike partner drivers in Hanoi and Ho Chi Minh City, but they are not a common sight on the streets unlike the ubiquitous red and green uniforms […]

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Retail Asia27/09/2018

Singapore slapped ride-hailing firms Grab and Uber with fines and finalised restrictions to open up the market to competitors after concluding that their merger in March has driven up prices. Uber Technologies Inc sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a 27.5% stake in the Singapore-based firm. […]

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Retail Asia30/08/2018

Uber’s chief operating officer, Barney Harford, vowed to take Korean regulations more seriously during his visit to Seoul on Wednesday. The ride-hailing company is working to revitalize its local business and focus on its taxi and food delivery services, he said. “If we look back, we haven’t always behaved in the right way, and that […]

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Retail Asia28/08/2018

US-based Uber said India is the fastest growing market for its food delivery platform Uber Eats and the service is being rapidly expanded to cover more Indian cities. Uber had launched Uber Eats in India in May last year and recently expanded the service to five more Indian cities — Tiruchirappalli, Surat, Nashik, Ludhiana and Mysore — […]

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Retail Asia24/08/2018

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Uber on Tuesday named a news chief financial officer as the smartphone-summoned ride service remained on the road to a stock market debut next year. Nelson Chai came on board from Chicago-based insurance firm Warranty Group, where he was chief executive, according to Uber. “I’m incredibly excited to bring on someone as experienced and thoughtful […]

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Retail Asia22/08/2018

Ride-hailing firm Uber has withdrawn its lawsuit over HCMC’s demand for $2.3 million in back taxes and fines. A tax department official said Friday that the HCMC People’s Court has suspended the case in which the Netherlands-based Uber B.V. had sued the department over its demand that the firm pays over VND53 billion ($2.3 million) […]

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