Grab

Grab, the Singapore-based superapp, has on Monday announced the signing of new memoranda of understanding (MoUs) with four prominent autonomous technology companies: Autonomous A2Z, Motional, WeRide and Zelos.

Maybank Investment Bank has trimmed Singapore-based superapp Grab's FY25 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 23 percent, which is still remains above the company’s guidance.

Singapore-based superapp Grab announced Thursday that its revenue for 2024 grew 19 percent year on year to $2.8 billion, exceeding its guidance of $2.76 billion to $2.78 billion.

Singapore-based superapp Grab’s on-demand services, including ride-hailing and delivery, facilitated a substantial economic contribution of MYR 9.9 billion ($2.23 billion) to the Malaysian economy in 2023, approximately 0.5 percent of the country’s gross domestic product (GDP), EconWorks revealed Monday.

Maybank Investment Bank said Thursday that the potential merger deal between Grab and Gojek could lead to annual synergies of $106 million to $209 million and as such would be positive.

The Indonesia-based company may seek a valuation of $1.5 billion to $2 billion in a potential listing.

Singapore-based superapp Grab and China-based automaker BYD have on Wednesday announced a regional partnership to expand access to up to 50,000 BYD electric vehicles (EVs) to Grab’s driver-partners across Southeast Asia, while increasing the availability of green vehicles to Grab users.

Maybank Investment Bank said Wednesday that robust fintech will support elevated growth of ASEAN internet firms in 2025.

Singapore-based superapp Grab has acquired a stake in Cambodian food-delivery and e-commerce platform Nham24 to grow food and grocery delivery market in the country.

As we usher into 2025, hoping for a better year, here are Southeast Asia’s top 10 tech news in 2024.