On-demand Services

The sector has lost momentum after hitting its peak in 2020, in part due to policies limiting the use of subsidies for user acquisition.

Tax, transport, and competition regulators part of on-site security probe.

The startup’s food ordering business has grown over 400% year-over-year compared to 2020 and has also achieved gross profitability.

With the latest acquisition, AirAsia is set to “turbocharge” its ambition to become “a leading ASEAN challenger super app,” said the group CEO.

Local restaurants have accused Swiggy and Zomato of sky-high commissions, deep discounting practices, and withholding customer data, among other things.

SiCepat recently tapped into the EV industry by forming a joint venture with NFC Indonesia. The JV has acquired an electric motorcycle maker based in central Java.

Didi is a channel that supercharges consumption in China’s major cities. Halting new user registrations could put the brakes on broader economic growth.

The removal of Didi’s app from app stores came two days after regulators initiated a cybersecurity review of the company.