S’pore had new billionaire for a few hours before Grab shares slid in US debut
SINGAPORE (BLOOMBERG) – “The stock will go up and it will go down,” said Mr Anthony Tan, co-founder of Grab Holdings, moments after Nasdaq’s bell-ringing ceremony in Singapore on Thursday […]
Grab Q2 loss widens to $1.09 billion, cuts full-year outlook on Covid-19 spread
SINGAPORE (THE BUSINESS TIMES, REUTERS) – Grab sank deeper into the red in its second quarter, even as revenue more than doubled. South-east Asia’s ride-hailing and delivery giant cut its full-year […]
Grab to trial new green ride-hailing service
SINGAPORE – Ride-hailing firm Grab will trial a new service for commuters in central Singapore to book rides only on hybrid or electric vehicles from next Wednesday (July 14) as […]
Grab CEO confident Spac merger to close by year-end after delay
SINGAPORE (BLOOMBERG) – Grab Holdings chief executive officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a US blank-cheque company will be completed by […]
Grab’s Nasdaq debut to test its US$40 billion valuation, set roadmap for Spac hopefuls
SINGAPORE (REUTERS) – Singapore’s Grab more than doubled its valuation to US$40 billion (S$53 billion) in about a year as part of the world’s largest Spac deal, but maintaining that […]
Grab’s record Spac deal could make CEO Anthony Tan a billionaire
SINGAPORE (BLOOMBERG) – The Spac boom may be deflating after more than a year of frenzy, but it’s still creating vast riches for the right deals. Take Grab Holdings, South-east […]
How Grab CEO’s Harvard connection opened the door to world’s biggest Spac deal
SINGAPORE (BLOOMBERG) – A few years after launching Grab Holdings in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of Alibaba Group Holding told the […]
Grab to implement 30-cent platform fee for rides from Dec 18
SINGAPORE – Ride-hailing firm Grab will start charging a platform fee of 30 cents for rides booked through its platform from Dec 18. The fee is inclusive of goods and […]