Singapore's Grab sinks after group misses revenue forecast

Nasdaq-listed superapp provider struggles to shore up investor confidence

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Grab accounted for 54% of ASEAN’s food delivery gross market value in 2023. (Photo by Dylan Loh)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Shares in Singapore-based Grab Holdings fell sharply Thursday after the superapp provider missed revenue estimates for the April-June quarter, highlighting its struggle to retain investor confidence.

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