AirAsia unit heads for Nasdaq listing after SPAC deal
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…
Grab posts first profitable quarter, announces share buyback
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…
Delivery Hero terminates Foodpanda sale talks in Southeast Asia
Insulated food bags branded with the logo of Foodpanda, a meal-delivery service operated by Delivery Hero, sit at the company’s operations center in Bangkok, Thailand, on Friday, March 16, 2018.…
Indonesia’s GoTo denies merger talks with ride-hailing rival Grab
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…
APPL, HUM, TSM, BIRK and more
Check out the companies making the biggest moves midday. Apple — Shares of the iPad maker jumped 3.26%, leading the rebound in the Nasdaq Composite. The rally came after Bank…
Vietnamese companies eye U.S. IPO market amid lull in Chinese listings
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…
Foodpanda confirms talks to sell part of its Asia business, layoffs
A courier for Foodpanda, a meal-delivery service operated by Delivery Hero AG, checks his smartphone while sitting on a motorcycle at the company’s operations center in Bangkok, Thailand, on Friday,…
Grab ride-hailing unit on track to hit pre-Covid levels by end 2023
Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023. Grab released earnings results on Aug. 23. Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying |…
Sea’s growth pivot at expense of profits stems from e-commerce competition
Forrest Li, chief executive officer of Sea Ltd., in Singapore, on Wednesday, May 3, 2023. Ore Huiying | Bloomberg | Getty Images Shares of Southeast Asian tech giant Sea plummeted…
Food delivery apps Grab and Foodpanda expand into dine-in services
Customers dining at Boat Quay in the Central Business District of Singapore. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE — Singapore-based food delivery apps Grab and Foodpanda…