ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Grab reports $1bn loss in Q4 on heavy incentive spending

Singapore tech group's first results since U.S. listing come as shares slump

A GrabFood rider in Kuala Lumpur. Grab aims to start a digital banking business in Singapore and continue pursuing opportunities in on-demand delivery.   © Reuters

SINGAPORE -- Singaporean startup Grab marked a net loss of over $1 billion for the fourth quarter of 2021 on heavy investment toward growth, showing that profitability remains a key challenge for the superapp operator as it faces strong competition.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more