Only grabcar not profitable, so does other ride sharing business in other place around the world. These kind of business model only expected to be profitable when robotaxi technology comes online. Right now they just maintain the ride sharing business to hold the market share so that when the technology finally ready they are already fully prepared
But heard other grab service like Grab Pay, Grab Food, Grab express are profitable. Now Grab aim to be digital bank like Alipay, wechatpay. Soon we will be able to take microloan through grab app.
This post has been edited by Imp Bron: Jan 22 2020, 07:42 PM
Is Grab a dying company?