SINGAPORE -- Southeast Asian unicorn Grab on Thursday reported a net loss of $988 million for the July-September quarter, worsened from a $621 million loss a year earlier, as heightened COVID-19 control measures in the region hit its core ride-hailing business.
A prominent startup in the region, the Singaporean digital tech group offers ride-hailing, delivery and financial services under what it calls a "superapp" strategy. It operates in eight countries, including Singapore, Malaysia, Indonesia, Vietnam, Thailand, the Philippines, Cambodia and Myanmar.
