AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on January 8, 2024. Malaysian conglomerate Capital A intends to sell its budget carrier business to medium- to long-haul affiliate AirAsia X in a major consolidation of the country’s airline industry. Arif Kartono | Afp | Getty Images AirAsia is set … Read more
A attendee walks past a banner with a Grab logo before a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Grab posted its first-ever profitable quarter, raking in $11 million in profit, the Southeast Asian ride-hailing giant said … Read more
A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Photographer: Dimas Ardian/Bloomberg via … Read more
A VinFast EV car on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were once driven mostly by Chinese startups. Vietnam-based electric car company VinFast broke new ground with its … Read more
A courier for Foodpanda, a meal-delivery service operated by Supply Hero AG, checks his smartphone whereas sitting on a motorbike on the firm’s operations middle in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok’s famed love affair with meals is spilling over to meal-delivery apps, a fledgling sector that Foodpanda tasks will surge in 2018 … Read more
Forrest Li, chief govt officer of Sea Ltd., in Singapore, on Wednesday, Might 3, 2023. Ore Huiying | Bloomberg | Getty Pictures Shares of Southeast Asian tech big Sea plummeted this week after lacking income expectations and saying it might deal with progress over earnings — a reversal from current cost-cutting measures within the face … Read more