If anyone remembers, Grab acquired Uber’s businesses and operations in Southeast Asia. In one of the clause written, Grab has to be listed on USstock market latest by 2023. Else they need to compensate Uber US$1.65 billion. So this explains one of the single key reasons for the hasty back door listing through a SPAC. If one knows Grab situation years back, Grab is losing market share for their transportation business in Indonesia to GoJek. Because GoJek is the first platform to implement food delivery business ahead of Uber and Grab and utilise their driversto deliver the food to their customers. GoJek also provides other services on their platforms such as to people who offers freelance service to clean and tidy up residential units. This business idea i
Grab shares changed from up to down on its first day of trading
Previously in February-2020, I wrote an article about RLX Techonology. The key factory to RLX growth is government policy and market monopoly. It seems what I wrote one month ago is happening today.http://krakatau002.business.blog/2021/02/16/should-you-consider-rlx-technology-in-your-portfolio-who-is-rlx-technology-what-is-their-business-nature-what-are-the-growth-potential-and-challenges-of-rlx-technology/