Accumulated losses reach USD 10 billion; Singapore company raises Myanmar risk.
Inside Grab’s SPAC mega-merger
Big Tech used to be rooted in coders’ dreams. A look at Grab demonstrates a new way of building tech companies.
The SEC is scrutinizing SPACs, but Grab is about to get its show on the road.
Grab’s app has been downloaded 200 million times. That means it’s on the phones of up to 30% of Southeast Asia’s population.
A possible deal could be valued at near USD 40 billion and become the largest SPAC merger on record.
Grab, Traveloka, Gojek, and Tokopedia are planning to list shares this year. The company that hits the bourse first may see boons.
Shares hit 21-year high on hopes for profitable divestments in bull market.
Grab’s revenue jumped 70% year-on-year in 2020, supported by a strong food-delivery business.