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Southeast Asia's Grab considering US IPO this year: sources

Southeast Asia's Grab considering US IPO this year: sources

Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the U.S. this year, three sources familiar with the matter told Reuters.
New Grab policy cuts drivers’ income, hikes user fees

New Grab policy cuts drivers’ income, hikes user fees

Although Grab leaders have claimed they are “on the same boat” as their drivers, the recent increase in fares and commission have reduced drivers’ income while users pay more.
December 15, 2020 | 04:22 pm GMT+7
Gojek Vietnam raises fares after tax regime change

Gojek Vietnam raises fares after tax regime change

Ride-hailing company Gojek has raised fares by 8.3-10 percent following the recent revamp of the value-added tax regime, which requires it to pay more.
December 12, 2020 | 05:00 pm GMT+7
Authorities fret over foreign firms dominating sharing economy

Authorities fret over foreign firms dominating sharing economy

Vietnamese authorities are worried about the trend of the nation’s sharing economy being dominated by foreign players with deep pockets and advanced technology.
December 11, 2020 | 08:09 am GMT+7
Taxman, Grab at odds over new tax regime

Taxman, Grab at odds over new tax regime

Vietnamese tax authorities and Grab have failed to reach agreement on whether the ride-hailing firm should share the value-added tax payment with its drivers.
December 10, 2020 | 03:17 pm GMT+7
Higher tax could end ride-hailing firms’ cash burn

Higher tax could end ride-hailing firms’ cash burn

Vietnam’s tax hike for ride-hailing companies is likely to hasten the end of their cash burning and force them to rely on service quality to attract customers.
December 09, 2020 | 03:00 pm GMT+7
GrabBike riders strike over increased commission rate

GrabBike riders strike over increased commission rate

Hundreds of GrabBike riders on Monday turned off their app and gathered at the company’s office to protest its increased commission rate after the government raised tax.
December 07, 2020 | 04:28 pm GMT+7
Vietnam rationalizes tax regime for ride-hailing companies, to treat them as transporters

Vietnam rationalizes tax regime for ride-hailing companies, to treat them as transporters

Vietnam has imposed a 10-percent value-added tax for each trip by a ride-hailing company vehicle as it seeks to create a level playing field for traditional taxi firms.
December 07, 2020 | 12:02 pm GMT+7
Grab’s reign over Vietnam ride-hailing market continues

Grab’s reign over Vietnam ride-hailing market continues

Grab remains the dominant player in the Vietnamese ride-hailing market with close to a 75 percent share, and is widening the gap with competitors.
November 21, 2020 | 01:00 pm GMT+7
Taxi associations complain to NA about Grab

Taxi associations complain to NA about Grab

Taxi associations in the country’s three biggest cities have taken their grievances against Grab to the National Assembly.
November 18, 2020 | 02:43 pm GMT+7
Ride-hailing rookies face uphill climb

Ride-hailing rookies face uphill climb

Rookies in Vietnam's ride-hailing market are unlikely to make their presence felt any time soon with established early birds constantly strengthening their foothold.
October 13, 2020 | 07:36 am GMT+7
Russian ride-hailing app makes Vietnam debut

Russian ride-hailing app makes Vietnam debut

Russia’s InDriver has become the latest entrant in Vietnam’s growing but fiercely competitive ride-hailing market, joining several foreign and domestic firms in the fray.
September 28, 2020 | 05:00 pm GMT+7
Alibaba in talks to invest $3 billion in Grab: Bloomberg

Alibaba in talks to invest $3 billion in Grab: Bloomberg

Alibaba Group Holding Ltd is in talks to invest $3 billion in Southeast Asia's biggest ride-hailing firm Grab Holdings Inc, Bloomberg News reported Monday.
September 15, 2020 | 12:08 pm GMT+7
Operating at night, motorbike taxi drivers risk lives to survive

Operating at night, motorbike taxi drivers risk lives to survive

Working in the wee hours to earn extra cash, motorbike taxi drivers find themselves under persistent threat of attack.
August 19, 2020 | 08:00 pm GMT+7
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