首页 社会内容详情
Grab falls US$13bil behind Indonesia’s GoTo

Grab falls US$13bil behind Indonesia’s GoTo

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

欧博官网www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

SINGAPORE: Singapore’s Grab Holdings Ltd, once South-East Asia’s most valuable startup, is faltering behind GoTo Group in the public markets as it fights to gain ground on its Indonesian ride-hailing rival’s home turf.

The unprofitable companies are both struggling to convince investors of their money-making potential after staging their stock-market debuts in recent months.

Yet GoTo has fallen less than its competitor and its market value of about US$26bil (RM117bil) is now twice that of its Singaporean peer.

The companies are each set to report quarterly earnings in the coming days.

Grab and GoTo have been locked in an expensive battle for dominance over the past several years. Grab still counts the city-state of Singapore as its largest market even as it tries to expand in countries including Indonesia, South-East Asia’s largest economy.

GoTo is enjoying a leadership position in its home nation of more than 270 million people whose mobile-savvy consumers are shopping on its online-retail platform Tokopedia and ordering rides and food via its Gojek’s app.

,

皇冠正网appwww.hg108.vip)是一个开放皇冠正网代理APP下载、皇冠正网会员APP下载、皇冠正网线路APP下载、皇冠正网登录APP下载的皇冠正网平台。皇冠正网APP上最新登录线路、新2皇冠官方正网更新最快。皇冠正网APP开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

The growth potential of Indonesia has helped GoTo outperform Grab, which became a publicly traded company through a merger with Brad Gerstner’s Altimeter Growth Corp in December.

GoTo has lost about 3% since its initial public offering in Jakarta in April, while Grab is down more than 60% since combining with the United States blank-cheque company.

“GoTo’s advantage as a homegrown Indonesian brand and its synergy with Tokopedia may let the country’s biggest tech firm defend food-delivery market share from Grab, the category’s leader in South-East Asia, and improve profitability,” Nathan Naidu, an analyst at Bloomberg Intelligence, said in a July 20 report.

While Gojek has a strong grasp of the crucial Indonesia market, Grab has made inroads in food delivery.

Grab had 49% of the Indonesian food delivery market last year, compared with GoTo’s 43%, according to Momentum Works.

Grab is scheduled to report second-quarter results before US markets opened yesterday, while GoTo is set to release results on Aug 30. — Bloomberg


转载说明:本文转载自Sunbet。
 当前暂无评论,快来抢沙发吧~

发布评论