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GrabPay sets sights on Cambodia and Myanmar

Southeast Asia’s largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive. Reuben Lai, senior managing director of the Singapore-based company’s financial arm, identified the two countries as next on the list. Grab’s ride-hailing app is […]

FastGo to launch in Indonesia and Myanmar

Vietnamese ride-hailing service, FastGo has announced it will launch its service in Indonesia ad Myanmar – its two first international markets – by the end of this year. FastGo CEO Nguyễn Hữu Tuất told Việt Nam News that it expected to occupy a 30 per cent market share in Indonesia and take second place after […]

Grab cashes up for a bigger taxi fight

GRAB is arming itself for a long fight. The ride-hailing firm won one big battle earlier this year when it pushed US giant Uber out of South-east Asia. Much of its latest US$1 billion funding round will be spent in Indonesia, where the Singapore-based group is up against homegrown rival Go-Jek. That country is where […]

Grab makes takeover bid for Uber’s Southeast Asia operations, including Vietnam: reports

Uber has been unable to turn a profit in Asian markets, making it a prime target for rivals. Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the […]

Private Equity Investors Eye Myanmar’s Digital Economy as Interest Rises

Investor interest in Southeast Asia’s digital and technology start-ups has been on the rise of late, with private equity firm Belt Road Capital Management (BRCM) injecting A$2.25 million in Digital Classifieds Group (DCG), an online classifieds business, on Thursday. Although based in Australia, DCG has launched online portals in countries such as Cambodia, where it […]

Prospects Improving in E-commerce

Southeast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]