SINGAPORE -- It already seems like a distant memory when SoftBank Group CEO Masayoshi Son visited Indonesia in July and promised a $2 billion investment in the country through tech startup Grab, which in turn pledged to build a "second headquarters" in Jakarta.
Only three months later, and those salad days may have gone for the Singapore-based ride-hailing app. Last valued at $14 billion, according to CB Insights, Grab is now having to think hard about profitability and margins -- as are all startups in Asia's thriving tech scene.
