Analysis

Gojek’s Vietnam exit signals rise of domestic rivals, opens opportunities for Grab

Local rivals Xanh SM and Be Group have overtaken Gojek in Vietnam.

Unicorns

Rapido is India’s fourth unicorn of 2024 after raising $200m led by WestBridge

Nexus, Think Investments and Invus Opportunities also participated. 

Unicorns

India’s Ola to stop ride-hailing operations in international markets

Ola is exiting the UK, Australia, and New Zealand.

IPOs & Markets

Uber unveils $7b share buyback following healthy demand for ride-sharing, food delivery

The ride-hailing firm posted its first annual net profit last year.

Deals

Singapore’s competition watchdog starts review of Grab’s Trans-cab acquisition

The commission said Grab's two-year timeline to address competition concerns was inadequate.

Analysis

Bumpy road for China’s ride-hailing drivers as economy slows

Analysts see the more than 7% increase in the number of drivers as a manifestation of the subdued job market.

Analysis

Grab’s profitability push may pull down GMV growth, say analysts

The company also sees revenue growing by up to 60% to reach $2.3b in 2023.

IPOs & Markets

China’s Dida renews Hong Kong IPO plan despite regulatory challenges

Dida's investors include JD.com, NY-listed Trip.com, and EV maker Nio's investment arm.

Policy & Regulations

China to soon launch state-backed online platform for ride-hailing, trucking

The online platform has completed internal tests.

Policy & Regulations

China may allow Didi apps back on app stores in another sign of regulatory thaw

The lifting of the ban on flagship ride-hailing and other services could happen before the Lunar New Year day on Jan. 22.