MaaS firm Swat Mobility operates in countries such as Singapore, the Philippines, and Indonesia, but Japan is becoming a prime market due to its aging population.
Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.
India’s vaccine roll-out program at the beginning of the year instilled positive sentiment, but the second wave of COVID-19 infections has resulted in subdued consumer demand.