News Formal

Analysis: Grab’s failed foray into investment sector showed its struggle to convert users despite large base

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SINGAPORE — It may be the most known operator of ride-hailing, food delivery and payment services with its mobile applications in the region, but Grab’s venture into retail investment three years ago in the hope of tapping its large user base has not taken flight as envisioned.

Analysts suggested why the super app developer may not have been able to pull existing users of its other services to its investment platform

The firm’s competitive advantage in ride-hailing and delivery business has no bearing on users' choice of investment platforms, for instance Singapore’s small market also makes it hard for Grab’s retail investment business to achieve a sustainable critical mass

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis:UK's fossil fuel car ban delay may only stall investmentLONDON : Britain's decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a shift to electric vehicles (EVs), even though the news drew anger from automakers worried about supply chains and investment uncertainty.UK Prime Minister Rishi Sunak, who is expected to fac
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »