Yazılar

Grab Targets Profit Growth

/in /tarafından

Grab plans to use artificial intelligence and expanded digital services to significantly increase profitability by 2028.

The company aims to grow revenue steadily while boosting operational efficiency through its integrated platform. New offerings such as grocery delivery and financial products are expected to support this strategy.

Leadership highlighted the role of AI in optimizing logistics, improving customer engagement, and enhancing service delivery. The company is also exploring automated tools to support drivers and merchants.

Grab has shifted from expansion-focused growth to prioritizing sustainable earnings as competition and operating costs evolve across the region.

The approach reflects broader trends among digital platforms seeking to diversify services and deepen user engagement through data-driven innovation.

Chinese robotaxi firms team up for autonomous shuttles in Singapore

/in /tarafından

Two of China’s leading robotaxi developers — WeRide and Pony.ai — announced partnerships with Singaporean firms to roll out autonomous shuttle services in the city-state, marking a major step in its autonomous driving ambitions.

Grab, Singapore’s ride-hailing giant, said it will partner with WeRide to operate two autonomous shuttle routes in Punggol. Services will begin in early 2026 with five- and eight-seater shuttles, following a test phase to study routes. WeRide, already licensed in Shanghai, is expanding its footprint abroad.

Meanwhile, Pony.ai, backed by Toyota, will team up with ComfortDelGro, Singapore’s largest taxi and transport operator. Their service will also start in Punggol on a 12-km route, with launches expected “in the coming months” pending regulatory approval, before expanding to nearby communities.

The Land Transport Authority (LTA) said both companies have a proven track record overseas with multiple vehicle types, including shuttles and robotaxis. Pony.ai already operates commercial services in Beijing, Shanghai, Guangzhou, and Shenzhen, and is eyeing further deployments in South Korea, Luxembourg, the Middle East, and beyond after its $260 million Nasdaq IPO in November.

Singapore has been actively exploring autonomous mobility, with Transport Minister Jeffrey Siow visiting Chinese AV firms in June. The partnerships position the country as a testbed for urban driverless fleets, as global competition in robotaxi technology accelerates.

Indonesia’s Sovereign Wealth Fund Explores Stake in Grab-GoTo Merger

/in /tarafından

Indonesia’s newly established sovereign wealth fund, Danantara Indonesia, is reportedly in early discussions to acquire a minority stake in the potential combined entity formed by ride-hailing and food delivery rivals Grab and GoTo. According to a Bloomberg News report on Friday, the move aims to alleviate concerns within the Indonesian government over Singapore-headquartered Grab’s ownership of the country’s largest tech company.

The deal, which is still in the negotiation phase, could see Grab valuing GoTo at approximately $7 billion. Grab is targeting a deal closure within the second quarter, though recent progress has slowed amid regulatory reviews by Indonesia’s antitrust authority. The regulator began studying potential risks associated with the merger last month to ensure fair competition and address any national security concerns.

Danantara Indonesia, launched in February, serves as Indonesia’s sovereign wealth vehicle and is designed to invest in strategic sectors including metal processing and artificial intelligence. The fund consolidates government stakes in various state-owned enterprises and is modeled after Singapore’s Temasek Holdings, aiming to foster national economic growth and technological advancement.

Neither Grab, GoTo, nor Danantara Indonesia have commented on the talks, but sources close to the matter indicate the discussions continue as stakeholders work through regulatory hurdles.

If completed, the transaction would mark a significant consolidation in Southeast Asia’s tech landscape, potentially strengthening Indonesia’s influence in the regional digital economy while balancing foreign ownership concerns.