sharing economy

Gojek corals investors from the Mitsubishi Keiretsu

Investment by Mitsubishi Motors, Mitsubishi Corp and Mitsubishi UFJ Lease & Finance includes partnership in mobility and consumer services. Gojek is targeting close to $2.5 billion from its Series F fundraiser.

July 08, 2019

Q&A: NIO Capital on how to drive the electric vehicle sector

Battery safety might be on people's minds, but NIO Capital's Ian Zhu remains positive. From the driving seat, he shares his views on electric vehicles and the sector.

April 29, 2019

Google, JD.com, Tencent back Gojek in fight with Grab

The fight for Southeast Asia's ride-hailing market just went up a gear. Gojek will use another $1 billion from investors to compete with Singapore’s Grab. Breakeven may have to wait.

February 01, 2019

Why power bank sharing could go the way of bike sharing

Court papers show power-bank sharing firm Jiedian, part of NY-listed Jumei, is still loss-making. It's a reminder of the challenges facing the sector.

January 14, 2019

Microsoft's battle with AWS clouds value of Grab’s platform

The US tech giant has sealed an open relationship with the dominant ride-hailing platform in Southeast Asia. Such “strategic” tie-ups muddy valuations.

October 09, 2018

Grab says ride-hailing sales set to double in 2019

But to keep the private capital rolling it is important to focus on quality and not just quantity, says the start-up's president, Ming Maa.

September 11, 2018

Grab to raise another $1b in drive for regional dominance

President Ming Maa tells FinanceAsia about why the mobility app needs a fresh capital infusion to build scale across Southeast Asia and how that expansion squares with its route to profitability.

August 29, 2018

Grab's new investors hope to catch a ride on its regional growth

The latest infusion of cash values the ride-hailing app at around $11 billion. Its expanded war chest will be put to work mainly in Indonesia where rival Go-Jek is revving up investment.

August 02, 2018

Grab bulks up even as Singapore trustbusters circle

The ride-hailing unicorn is launching a super-app, seeking out partners along the transport value chain, and targeting $1 billion in revenues this year. It’s drive for scale refuses to slow.

July 10, 2018

How Go-Jek is delivering competition to SE Asia

Ride-hailing turns competitive again in Singapore, Vietnam, Thailand and the Philippines as Indonesia's unicorn rides in. But it won't use its own name, nor bring its fintech services.

May 24, 2018