Indonesia’s ride-hailing and food delivery firm Grab Holdings listed on Nasdaq in December after a US$40-billion merger. Photo: Bloomberg
Indonesia’s ride-hailing and food delivery firm Grab Holdings listed on Nasdaq in December after a US$40-billion merger. Photo: Bloomberg
Asean

Money flocks to Southeast Asian start-ups as China loses sheen

  • Southeast Asia is benefiting from Beijing’s tough lockdowns and other measures to rein in Covid-19 in China and Hong Kong
  • Led by Indonesia, the region’s internet economy is forecast to double to US$363 billion by 2025 from S$174 billion in 2021

Indonesia’s ride-hailing and food delivery firm Grab Holdings listed on Nasdaq in December after a US$40-billion merger. Photo: Bloomberg
Indonesia’s ride-hailing and food delivery firm Grab Holdings listed on Nasdaq in December after a US$40-billion merger. Photo: Bloomberg
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