Exciting Updates: Foodpanda in Discussion to Sell Portion of its Asia Operations, Following Layoffs

A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle at the company’s operations center in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok’s famed love affair with food is spilling over to meal-delivery apps, a fledgling sector that Foodpanda projects will surge in 2018 …

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Ride-hailing Unit of Grab Expected to Reach Pre-Covid Levels by End of 2023

Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. Grab released earnings results on Aug. 23. Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty Images Singapore-based Grab said on Wednesday that its ride-hailing unit is expected to reach pre-Covid levels by the end of this year. …

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E-commerce competition forces Sea to prioritize growth over profits

Share prices of Sea Ltd., one of Southeast Asia’s leading tech companies, experienced a sharp decline after falling short of revenue expectations and announcing a shift towards prioritizing growth over profits. This strategic pivot is seen by analysts as a move to defend the company’s market share in the face of increased competition. Sea reported …

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Grab and Foodpanda, popular food delivery apps, venture into offering dine-in services

Singapore-based food delivery apps, Grab and Foodpanda, are venturing into the dine-in space to meet the growing demand from consumers seeking to dine out post-pandemic. Grab is currently testing its dine-in feature in 15 cities across Singapore, Thailand, and Indonesia, allowing users to pre-purchase dine-in vouchers at up to 50% discounts. The app also provides …

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Elon Musk’s rebranding effort ignites renewed ambition to transform Twitter into China’s WeChat

In this photo illustration, Elon Musk’s photo is displayed on a phone screen in front of a computer screen displaying the new logo of ‘Twitter’. Harun Ozalp | Anadolu Agency | Getty Images Elon Musk’s plans for Twitter, particularly the idea of transforming it into an “everything app,” have generated much discussion. Last October, Musk …

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Grab announces its largest round of layoffs since the pandemic, eliminating 1,000 jobs

The headquarters of Grab Holdings Ltd., located in Singapore. Grab Holdings Ltd. recently announced its latest earnings on February 23, 2023. Bryan van der Beek | Bloomberg | Getty Images Singapore-based company Grab Holdings is undergoing a restructuring process that involves cutting over 1,000 jobs, according to its CEO’s statement on Tuesday. This move is …

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