$A6I-FF News
Last published 2y ago
- 2y agoA6I-FFRide-hailing giant Grab posts first profitable quarter, announces $500 million share buybackCNBCOn Thursday, Grab posted its first-ever profitable quarter, raking in $11 million in profit.
- 2y agoDHER-DEA6I-FFDelivery Hero ends talks to sell Foodpanda in Southeast Asia after months of negotiationsCNBCDelivery Hero has terminated negotiations with an undisclosed third party regarding the sale of its Foodpanda business in some Southeast Asian markets.
- 2y agoA6I-FFIndonesia's GoTo denies merger talks with ride-hailing rival GrabCNBCIndonesian tech giant GoTo in a Tuesday filing said it is "not having any discussion on such matters."
- 3y agoA6I-FFFoodpanda confirms layoffs, talks to sell part of its Asia food delivery businessCNBCA German media outlet reported that Foodpanda could sell its operations in Singapore, Cambodia, Malaysia, Myanmar, Philippines, Thailand and Laos.
- 3y agoA6I-FFSEundefinedSingapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the yearCNBCGrab also pushed forward its breakeven target to the third quarter and said it expects 2023 revenue between $2.2 billion and $2.3 billion.
- 3y agoSEundefinedA6I-FFBABASea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts sayCNBCJust months ago, Sea overhauled its business to focus on profitability amid high inflation and interest rates.
- 3y agoA6I-FF3690-HKFood delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stallsCNBCFood delivery apps Grab and Foodpanda are offering dine-in features as consumers resume their normal daily routines and go out and dine in more frequently.
- 3y ago700-HKA6I-FFBABAElon Musk's X rebrand reignites his goal to turn Twitter into an app like China's WeChatCNBCElon Musk officially changed Twitter's famous bird logo to an "X" in his bid to make the service into "the everything app."
- 3y agoA6I-FFundefinedGrab cuts 1,000 jobs, its biggest round of layoffs since the pandemicCNBCCEO Anthony Tan said the job cuts are not a "shortcut to profitability" but will enable Grab to adapt to the competitive business environment.
- 3y agoSEA6I-FFSTEL-SGSea Group's digital bank launches in Singapore to a select group of individualsCNBCSingapore tech giant Sea Group has launched its digital banking services to select members of the public.
- 3y agoDBSM-SGOCBC-SGUOBH-SGA6I-FF+3Singapore's digital banks dangle incentives to win new customers — is it sustainable?CNBCDigital retail banks in Singapore are pulling out all stops to win new customers, but industry observers question if it's sustainable in the long term.
- 3y agoGOTO-IDA6I-FFSEStocks of Indonesia’s GoTo surge 5% as it says profit targets will be met ahead of timeCNBCIndonesian giant GoTo Group jumped about 5% on Friday as the Gojek-Tokopedia entity said it will hit its profitability targets earlier than expected.
- 3y agoSEA6I-FFSoutheast Asian venture capital firms expect to be pickier in 2023 than in 2022CNBCVenture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and macro headwinds slowing down growth in 2022.
- 4y ago9984.T-JPA6I-FFDASHBABA+1SoftBank Vision Fund posts record $27 billion loss as tech stocks plummetCNBCSoftBank Founder Masayoshi Son said the company would be more "conservative when it comes to the pace of new investments" as it goes into a "defense" position.
- 4y agoAMZNUBERGOOGLSHOP-CA+13Tech companies racked up over $17 billion in losses on equity investments in the first quarterCNBCAmazon, Uber, Alphabet and Shopify each recorded losses of over $1 billion in the first quarter from their investments in other tech companies.
- 4y agoVERUNIOA6I-FFIP+1Cramer's lightning round: Not recommending Nio or any Chinese stocksCNBC"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
- 4y agoA6I-FFWall Street see massive upside for Asian tech giant Grab, after disappointing debutCNBCJPMorgan has a price target on the company that represents 70% upside.