The Latest Breaking News from Grab

As the Uber files shine a light on activities at the height of the app’s growth, we look at how it started and where it stands today

Grab Thailand is aiming to attain profitability next year, which marks a decade of operations in the country, driven by its ride-hailing services and online grocery shopping.

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Grab Holdings Limited (NASDAQ:GRAB) reported first-quarter FY22 revenue growth of 6% year-on-year to $228 million. Mobility segment acceleration and strong core food and groceries growth drove the growth as it expanded its merchant selection and contributions from Jaya Grocer. Revenue for Deliveries rose 70% Y/Y to $91 million, driven by continued growth in…

Food delivery and ride-hailing company Grab has vowed to focus more on working with small restaurants, expanding its adult user base, providing loans for drivers and eateries, and driving customer subscriptions as part of its strategy to pursue sustainable growth.

The stock market has suffered massive selloffs of late on growing worries about logistical disruptions, rising energy prices, galloping inflation, and forthcoming federal interest rate hikes. While stock price dips can offer attractive entry points to quality names, we think it could be wise to avoid fundamentally weak Grab Holdings…

The time has finally come again for the tourism industry. As many countries start learning to live with Covid-19, travel restrictions are being eased and people are hitting the road after staying put for more than two years.

Over two years after the coronavirus emerged, countries across Asia are slowly beginning to recover. In Southeast Asia, economic growth is projected to pick up to 5.1% this year, from 3.2% in 2021. With 400 million people, or 59% of the population, fully vaccinated, many economies are well on the…

New Street analyst Pierre Ferragu thinks a merger between Lyft Inc (NASDAQ:LYFT) and DoorDash Inc (NYSE:DASH) would drive a 30% upside to the combined company's long-term EBITDA. Ferragu says combining the businesses would keep drivers busier, allowing them to make more money while also reducing the cost of finding new customers.  The combination of food…