Q4 2024 Trimester Sees 17% Revenue Surge and 20% Increase in GMV
Grab Holdings reported a 17% increase in total revenue in the fourth quarter of 2024 compared to the same quarter in the previous year, reaching $764 million. The net profit...
Increasing Profitability: Latest Quarter Sees a Remarkable 61% Surge in EBITDA, Marking the First Positive Turn with Substantial Loss Reduction.
Grab Holdings reported a 5% increase in Gross Merchandise Volume (GMV) for the third quarter of 2023, reaching $5.341 billion compared to the same period last year. The business segments...
The Great Chinese Ride-Hailing Giant Didi Prepares for a Comeback in the Hong Kong Stock Market in 2024
Bloomberg reports that Didi Global, the leading ride-hailing app provider in China, is preparing to enter the Hong Kong stock market in 2024. This comes after the company’s IPO on...
Xpeng Acquires Didi’s Smart EV Business in a $744 Million Deal
Xpeng, the Chinese electric vehicle manufacturer, has announced the acquisition of Didi’s smart electric vehicle assets, the largest ride-hailing app service in China, in a deal worth $744 million. This...