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Grab's 70% Tumble Shows the Limits of Singapore's Tech Dream

(Bloomberg Markets) In the ballroom of the five-star Shangri-La Singapore hotel, Anthony Tan celebrated a triumph for the country’s up-and-coming tech scene. “Today we shine a spotlight on Southeast Asia!” he told the adoring crowd. His company, Grab, the region’s answer to Uber, was about to make its stock market debut.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’IMF Caught Off Guar ....

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Grab's 70% Tumble Shows the Limits of Singapore's Tech Dream

Grab's 70% Tumble Shows the Limits of Singapore's Tech Dream
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Grab's 70% tumble shows the limits of Singapore's tech dream

The rough journey of an Uber-like ride- ailing company helps explain why the island nation has struggled to become Asia's Silicon Valley ....

United States , National University Of Singapore , Singapore General , Hong Kong , Kuala Lumpur , Jakarta Raya , Indonesia General , New York , Emily Liew , Mark Zuckerberg , Adam Neumann , Masayoshi Son , Devadas Krishnadas , Uber Dara Khosrowshahi , Yoolim Lee , Yoojung Lee , Jenny Lee , Bloomberg Businessweek , Eric Wen , Jeong Lee , United Airlines , Sea Ltd , Japan Softbank Group Corp , University Of Chicago , Morgan Stanley , Blue Lotus Capital Advisors Ltd ,

Grab's 70% tumble shows the limits of Singapore's tech dream

While many tech stocks have stumbled, some as much or more than Grab, it has no been a great time for the Singaporean multinational technology company recently and Grab stocks are still down almost 70%. ....

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Grab announces its most significant layoffs to date, cutting 1,000 jobs to remain competitive | Digital

This is the largest round of cuts for the 'super app' since the pandemic, which saw 5% or nearly 360 employees let go in 2020. ....

Tan Hooi Ling , Hooi Ling ,