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> Is Grab a dying company?

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damonlbs
post Jan 22 2020, 04:45 PM

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470 posts

Joined: May 2005
From: KL


what dying

its a $14 billion company now
damonlbs
post Jan 23 2020, 10:07 AM

Casual
***
Junior Member
470 posts

Joined: May 2005
From: KL


QUOTE(ter001 @ Jan 23 2020, 09:42 AM)
Why Grab had to leave Malaysia for Singapore???

The Finance Asia magazine published an article that may turn the Malaysian startup world upside down, telling why a startup like Grab made it big in Singapore instead of Kuala Lumpur.

Grab, which started as My Teksi in Malaysia rebranded itself into Grab Taxi after moving to Singapore, leaving Malaysia behind certainly due to regulatory issues on raising funds from international venture capital.

The magazine quoted Chua Kee Lock, group president and CEO of Vertex who told the online publication how the company persuaded Grab to make the move and explained why he expects more hot start-ups from the region to make the same move.

He said the advantages of Singapore is that startups get government subsidies and tax breaks, but more importantly for start-ups and early-stage investors like Vertex is the well-developed ecosystem for start-up funding that helps attract international financiers and bring higher valuations for public offerings.
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Blame LGE

Wait he was not on the job yet

 

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