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The Economic Times
The Economic Times

Singapore's Grab lifts annual forecasts as AI, incentives drive growth

Singapore's ​Grab raised its annual revenue and ​profit forecasts on Tuesday, encouraged by strong demand for its ​ride-hailing and delivery services driven by promotional offers, driver incentives and its AI initiatives.

The upbeat projections and a new $750 million share buyback programme pushed shares of the Nasdaq-listed company up 4% ‌in extended trading.

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