A Grab Food delivery rider picks up orders on Orchard Road in Singapore. Tan said that South-East Asia has nearly double the population of the US, with 670 million people, and its adoption of online services, from mobility to delivery to e-payment, is still low. Bloomberg
SINGAPORE: Singapore’s tech unicorn Grab will remain focused on South-East Asian markets even after it goes public in the United States, Vietnam News Agency (VNA) quoted the co-founder and chief executive officer Anthony Tan as saying to
Asia Nikkei Review.
Noting that investors describe South-East Asia’s most valuable unlisted company as a combination of tech names like Uber Technologies and Ant Financial, Tan stressed Grab will scale up its existing core businesses such as food delivery and digital finance.
Vietnam News Agency (
Asia Nikkei Review.
Noting that investors describe Southeast Asia s most valuable unlisted company as a combination of tech names like Uber Technologies and Ant Financial, Tan stressed Grab will scale up its existing core businesses, such as food delivery and digital finance.
On April 13, Grab announced that it will go public through a merger with a special purpose acquisition company (SPAC).
Tan added that the company will use the capital to build the lowest cost and the most efficient delivery network by investing in maps and other technology as well as to revolutionise mobile payments, financial services and digital banking .
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