Grab Holdings Ltd
Get, Gojek are ‘supportive’ of Singapore’s move to develop work security for gig workers
A GrabFood shipping rider in Singapore. Bryan van der Beek | Bloomberg | Getty Images Southeast Asian tech giants Get and Gojek mentioned they are “supportive” of suggestions manufactured by an advisory committee to increase gig worker protection in Singapore beginning in 2024. In Singapore, system or gig workers, frequently journey-hailing or food items shipping […]
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Get pares losses by 24% in third quarter deliveries phase breaks even before than expected
Singapore technological know-how journey-sharing and food stuff shipping and delivery company company Get brand is exhibited on a smartphone monitor. Budrul Chukrut | Sopa Photos | Lightrocket | Getty Images Singapore-dependent journey-hailing and meals delivery large Get narrowed losses and broke even in its deliveries phase for the initially time since 2012, in the course […]
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E-commerce business Blibli up just about 5% in Indonesia stock debut
Indonesia Stock Trade Bloomberg | Bloomberg | Getty Illustrations or photos Shares of Indonesian e-commerce firm Blibli rose 4.9% in its Indonesian stock current market debut Tuesday, in what was the country’s next-premier original public presenting this calendar year. Shares of PT World-wide Electronic Niaga Tbk, which owns Blibli, climbed as substantial as 472 rupiah […]
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Southeast Asia’s prime digital economies anticipated to hit $200 billion in 2022, report shows
Two women employing their cellular phones at Raffles Location, the central enterprise district space of Singapore. Nicky Loh | Bloomberg | Getty Illustrations or photos SINGAPORE — South East Asia’s top rated digital economies grew more rapidly than envisioned in 2022 and is established to reach $200 billion in overall value of transactions manufactured this […]
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Uber reports another big loss but beats on revenue, shares pop 10%
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in San Francisco, on Tuesday, Dec. 14, 2021. David Paul Morris | Bloomberg | Getty Images Uber reported a second-quarter loss on Tuesday but beat analyst estimates for revenue. Shares of Uber popped 10% in premarket trading. Here are the key numbers: […]
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Stocks making the biggest moves midday: Goldman Sachs, Delta, Boeing, Tesla and more
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs – The bank stock jumped 3% after the company posted […]
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Sequoia says it is optimistic about Southeast Asia’s start-ups despite challenging market
Venture capital firm Sequoia is still “quite optimistic” about long-term prospects for start-ups, despite the recent market volatility. “This is a particularly challenging market for founders to get started,” Abheek Anand, managing director of Sequoia Southeast Asia, told CNBC’s “Squawk Box Asia” on Wednesday. When asked about the firm’s outlook for Southeast Asia’s start-ups, Anand […]
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Here are Tuesday’s biggest analyst calls of the day: Tesla, Dish, Nio, Zoom, Rivian, Imax & more
Here are Tuesday’s biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said in a note Tuesday that China lockdowns remain a production headwind for Tesla , but that a rebound could happen later this year. “Gigafactory Shanghai Partial Lockdown a Near-Term Headwind, Though Potentially Stronger SepQ/DecQ Rebound. … That said, we believe […]
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Southeast Asia’s e-commerce market is still in its ‘opening act,’ says venture capital firm
Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian […]
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SoftBank Vision Fund posts record $27 billion loss as tech stocks plummet
SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro Takahashi | Bloomberg | Getty […]
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