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Grab aims to break even sooner for delivery despite softer demand

The Nasdaq-listed superapp continues to taper incentives after Q2 loss narrows to USD 572 million.

3 mins read

The USD 500 million deal was soured by regulatory woes and the market crash.
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SCB calls off plan to acquire Thai crypto exchange Bitkub
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Global decarbonization push sets stage for aggressive investments.
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China has 340 reactors’ worth of solar cell plants in the pipeline
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Logistics firms and restaurants are early adopters; delivery bots await new deregulations.
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South Korean industry embraces robots to ease labor crunch
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Alibaba unit rises above price wars and labor shortage while Missfresh falls.
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China’s online grocers fight for survival in overcrowded market
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Country benefits as tech giant looks to build more products outside of China.
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Vietnam to make Apple Watch and MacBook for first time ever
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Despite fintech downturn, payment giant doubles down on overseas business.
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Stripe CEO: US tech companies ‘underestimate’ Asia’s potential
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China tech champion to spend USD 1.5 billion on auto R&D amid ongoing US crackdown.
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Huawei says 2022 ‘most challenging’ time for device business
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SBS plans fleet of over 10,000 electric vans after encouraging trial run.
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Chinese-built EVs can cut Japan delivery company’s costs by 30%
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