Listen to this article [SINGAPORE] Grab Holdings chief executive officer Anthony Tan warned that the coronavirus is creating significant challenges for the South-east Asian ride-hailing startup that will require"tough decisions" about cutting costs and managing capital.
GrabSG Companies like this are built on series funding from investors who look to capitalise on valuation from stocks which does not match the profit/losses. So will investment money dry up now and these companies left to drown in their debt?
GrabSG Probably glad they diversify into food delivery earlier and offset losses from ride hailing.
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