East asian technology companies
Grab chairwoman ming dynasty Maa sees the company's tens of millions of customers as a captive audience to which it can sell many more services, such as delivering food and packages and appendage payments. "The much that our consumers use ride-sharing, the more they use solid delivery," Maa told CNNMoney. "The utility program — now he's delivering passengers, he's delivering food, he's delivering packages with last-mile logistics.
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It’s official: Uber sells Southeast Asia business to Grab – TechCrunch
The deal follows a month of speculation, and it volition see touch — which is valuable at over $6 cardinal — buy up Uber’s ride-sharing business in eight countries in sou'-east Asia. It testament too proceeds over Uber Eats, which is presently attending in three, and expand that help decussate the region during the first one-half of this year. In exchange, Uber design get a 27.5 percent stake in Singapore-based Grab patch Uber CEO Dara Khosrowshahi will link Grab’s board.
East v West: Asian Tech Companies Seize on Western Distraction | The Market Mogul
A shift in social science power has been taking neck of the woods for several old age now, amid some domestic and transnational sentiment agitation in the West. Western lordliness has caused them to have a blinkered aspect of the profession and economic international landscape. This has allowed markets to create by mental act and emerge in Asia, especially through the increasing powerfulness of China, which is supported by the prospect of exploitation in India, Japan, and Indonesia.
Grab: Uber's old rival in Southeast Asia has big ambitions