The Straits Times·3 min read·medium
Grab lifts revenue forecast on strong demand
✦AI Summary
Grab Holdings has raised its annual revenue and earnings forecasts following a significant jump in second-quarter profits. The company is navigating competitive pressures and rising fuel costs by implementing cost-saving features like order bundling.
Grab has banked on features such as order bundling and a budget-friendly service tier to drive demand in its core ride-hailing and delivery businesses.
businesseconomytechnology
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