Grab lowers 2021 earnings projection as COVID hobbles ASEAN
Singapore 'super app' gains 62% in GMV as net loss widens to $815 million in Q2
Grab says it remains on track to complete its merger with a blank check company and list in the U.S. by the end of the year. (Photo by Ken Kobayashi)
SINGAPORE -- Singaporean "super app" Grab on Tuesday cut its earnings projections for this year, citing uncertainties stemming from the prolonged COVID-19 crisis in Southeast Asia.
Grab is one of Southeast Asia's biggest tech startups. It offers delivery, ride-hailing, financial and a range of other services, and plans to go public in the U.S. later this year.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30