SINGAPORE (Reuters) – a Singapore-based ride-coming firm Grasp has been set for an investment of a few hundred million dollars” in Vietnam, which the company sees as the next big growth market, and is only a few weeks after it unveiled a $2-billion plan in Singapore.
FILE PHOTO: A Suit and motorcycle helmet, will be shown during the taking of the fifth anniversary of the news conference, held in Singapore, 6 in June, 2017. (REUTERS photo/Edgar Su/File Photo
The proposed investment is the latest example of a top-notch regional brand to deepen its commitment to Vietnam, one of Asia’s fastest-growing economies. It also shows the eagerness of the Deal, which has raised billions of dollars from investors to put his money to work.
“We are very excited about Vietnam. We can see pretty much the same features as those in Indonesia, to Grasp the President of the Ming-T, told Reuters in an interview.
Grab it and arch-rival Indonesia, on the basis of the gr-S are moving from ride-from the app’s operators to make a one-stop-shop for services as varied as payments, food supply, logistics and hotel reservations in Asia-pacific.
Grab the app and more than 160 million mobile devices, has said that the Indonesia-investment and aims to build a next-generation transport network, and a change in the way in which critical services such as health care services are delivered.
As in Indonesia, a lot of middle-class and young consumers in Vietnam, with the help of apps and web sites in order to gain access to, the services, the Si said.
“I would expect us to ensure that we are investing in more than a few hundred million dollars into the development of our Vietnam business,” he said, without giving specific details about the investment.
Vietnam is the third-and fourth-under the Pack’s top markets, said on Monday at the company’s three-year anniversary of its major shareholder, Japan’s Softbank Group Corp. (a), and a previous decade-long stint at investment bank Goldman Sachs.
Extract together with Exciting fintech company-Moca is in 2018 with the launch of a digital wallet. Pak formed a joint venture with Credit Saison is a Japanese credit card business last year to offer loans and credit to consumers and micro-entrepreneurs in South-east Asia.
Pah, it was Vietnam ‘ s most popular ride-sharing app in January until the end of July, according to market data, and analytics company App Annie. Apart from the Go-S is a different journey from its competitors.
The wealthy city-state of Singapore is the Pack’s second-largest market, where it will build a $135 million headquarters. The company, which has more than 4.5 million managers in the region, and aims to double sales to $2 billion this year.
Maa said total gross merchandise volume (GMV) in the food supply, in an area where it is expanding aggressively, rose by 300 per cent in the first half. GrabFood now accounts for 20% of the total GMV.
In its adult stage-in the areas of business, the company has been profitable in some markets, the Si said, adding that the Extract does not have any specific plans for an initial public OFFERING.
“THE TIP OF THE ICEBERG’
The roll-out of a wide range of day to day services at a variety of price points, but we should not are convinced from the Extract support a high growth rate. The company has a Toyota, Microsoft, China has A Chuxing, and Heat among the supporters.
Extract, South east Asia, it is the largest start-up with an estimated valuation of about $14 billion, is betting on its payments to the business to fuel growth in the financial services industry.
“We’re just at the tip of the iceberg when it comes to financial services,” he said Monday, adding that the development of the region’s largest payment, mobile wallet and gave the Pack of valuable data about customers and the drivers on the network.
It wants to make use of these insights to the creation of financial products, including insurance, credit, and, ultimately, to wealth management offerings.
Monday, said the Suit will be interested in is a digital banking licence in Singapore, where the central bank has announced plans to issue up to five online banking licences, and it is expected that the detailed information within the next few weeks.
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“Due to the use of the deflationary forces in digital banking, we are able to offer very similar sets of financial services at a much lower cost than the traditional banks are in a position to provide it,” said Press, who earned a master’s degree from the Massachusetts Institute of Technology.
Take the interest in it, digital, finance, shows the way in which non-banking firms in Asia, characterized it as a potential rival traditional banks, using their technology and data to provide banking services to individuals and small businesses.
South-east Asia, the internet economy is expected to exceed $240 billion by the year 2025, a joint study by Google and the Temasek Holdings, which was in November, a fifth more than previously estimated, as more and more consumers are using their mobile devices to go online.
Reporting by Anshuman Daga, Aradhana Aravindan and by Jonathan Weber; additional reporting by Fanny Potkin; editing by Darren Schuettler