Flush with funds, ASEAN unicorns are going on a spending spree, but just how accurate are their shiny market valuations?
2018 started off positively for Grab in Vietnam. Uber’s exit handed the Singapore-based startup dominance in the local ride-hailing market. But the following 12 months saw increased competition from local startups and rising regulatory pressure.
Fintech emerged as a direct challenge to the dominance of traditional banks. But banks and fintech companies are increasingly defining a unique relationship of mutual patronage.
As Go-Jek launches the beta version of its app in Singapore, the e-payment turf war is heating up.
Uber’s withdrawal from Singapore opened up the ride-hailing market. Indonesian challenger Go-Jek may be the first to make significant inroads.
ASEAN countries are taking a closer look at the proposed Grab-Uber merger. Both companies now face challenges, but the deal is not dead.
The new platform will offer micro-financing products and services for Southeast Asia (SEA). It will be a strong contender to become the top choice of underbanked consumers.
Softbank’s investment in Uber is a potential game-changer in the region. Merger or partnerships between Grab and Uber may be happening soon.
It has now been a trend for start-ups to carry out payment service.
Local Indonesian ride-hailing app Go-Jek challenges the regional competitor Grab’s existing market share in Indonesia.