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Sandman6624

Sandman6624

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2021-12-02

I want to Grab their shares - haha! 😊

Grab debuts on Nasdaq, marking biggest Southeast Asia listing

2021-11-30

Yes I will buy them too - good value to accumulate

My Top 2 Growth Stocks to Buy in December

2021-11-23

Expect to see higher share price 😊👍

Kuaishou's total revenue increased by 33.4% to RMB20.5 billion from RMB15.4 billion for the same period of 2020

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It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" aft","content":"<p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p>\n<p>The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p>\n<p><b>WHAT IS GRAB?</b></p>\n<p>Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.</p>\n<p>Singapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.</p>\n<p>Grab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.</p>\n<p>With some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.</p>\n<p><b>WHO'S BACKING GRAB? </b></p>\n<p>Early investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.</p>\n<p>Grab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:</p>\n<p>Uber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..</p>\n<p>In the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.</p>\n<p><b>WHO'S THE COMPETITION? </b></p>\n<p>GoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.</p>\n<p>Singapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.</p>\n<p>Grab is likely to increasingly start competing with banks as it expands its financial services.</p>\n<p>It also competes with such delivery companies as Foodpanda and Deliveroo PLC.</p>\n<p><b>WHAT ARE GRAB'S FINANCIALS?</b></p>\n<p>Grab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.</p>\n<p>The delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.</p>\n<p>Grab forecasts it will turn profitable on an EBITDA basis in 2023.</p>\n<p><b>WHO ARE ITS KEY EXECUTIVES?</b></p>\n<p>Anthony Tan, 39, is the company's CEO and co-founder.</p>\n<p>Fellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.</p>\n<p>Both Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.</p>\n<p>Grab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.</p>\n<p><b>Here are some milestones for the Singapore-headquartered company:</b></p>\n<p>2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan</p>\n<p>2012: Launches as MyTeksi taxi booking service in Malaysia</p>\n<p>2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi</p>\n<p>April 2014: Announces Series A funding</p>\n<p>June 2014: Launches in Indonesia</p>\n<p>December 2014: Japan's SoftBank&nbsp;invests $250 million in a funding round</p>\n<p>August 2015: Becomes a unicorn after $350 million funding round</p>\n<p>December 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber</p>\n<p>January 2016: Rebrands to Grab from GrabTaxi to reflect expanding services</p>\n<p>November 2017: Launches GrabPay payments service for third-party transactions</p>\n<p>March 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder</p>\n<p>May 2018: Pilots GrabFood delivery service</p>\n<p>July 2018: Unveils \"superapp\" strategy that provides a range of services under one platform</p>\n<p>March 2019: Reaches valuation of about $14 billion</p>\n<p>December 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd</p>\n<p>April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp&nbsp;securing a valuation of nearly $40 billion</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab debuts on Nasdaq, marking biggest Southeast Asia listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab debuts on Nasdaq, marking biggest Southeast Asia listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-02 13:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\n...</p>\n\n<a href=\"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107545461","content_text":"Grab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\nThe deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.\nWHAT IS GRAB?\nFounded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.\nSingapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.\nGrab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.\nWith some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.\nWHO'S BACKING GRAB? \nEarly investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.\nGrab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:\nUber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..\nIn the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.\nWHO'S THE COMPETITION? \nGoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.\nSingapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.\nGrab is likely to increasingly start competing with banks as it expands its financial services.\nIt also competes with such delivery companies as Foodpanda and Deliveroo PLC.\nWHAT ARE GRAB'S FINANCIALS?\nGrab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.\nThe delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.\nGrab forecasts it will turn profitable on an EBITDA basis in 2023.\nWHO ARE ITS KEY EXECUTIVES?\nAnthony Tan, 39, is the company's CEO and co-founder.\nFellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.\nBoth Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.\nGrab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.\nHere are some milestones for the Singapore-headquartered company:\n2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan\n2012: Launches as MyTeksi taxi booking service in Malaysia\n2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi\nApril 2014: Announces Series A funding\nJune 2014: Launches in Indonesia\nDecember 2014: Japan's SoftBank invests $250 million in a funding round\nAugust 2015: Becomes a unicorn after $350 million funding round\nDecember 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber\nJanuary 2016: Rebrands to Grab from GrabTaxi to reflect expanding services\nNovember 2017: Launches GrabPay payments service for third-party transactions\nMarch 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder\nMay 2018: Pilots GrabFood delivery service\nJuly 2018: Unveils \"superapp\" strategy that provides a range of services under one platform\nMarch 2019: Reaches valuation of about $14 billion\nDecember 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd\nApril 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion","news_type":1},"isVote":1,"tweetType":1,"viewCount":978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609672715,"gmtCreate":1638283539250,"gmtModify":1638283539250,"author":{"id":"4095159210406790","authorId":"4095159210406790","name":"Sandman6624","avatar":"https://static.tigerbbs.com/59819e87e8c88e2f1a94acc3fed823dc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4095159210406790","authorIdStr":"4095159210406790"},"themes":[],"htmlText":"Yes I will buy them too - good value to accumulate&nbsp;","listText":"Yes I will buy them too - good value to accumulate&nbsp;","text":"Yes I will buy them too - good value to accumulate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609672715","repostId":"2187874695","repostType":2,"repost":{"id":"2187874695","pubTimestamp":1638281084,"share":"https://www.laohu8.com/m/news/2187874695?lang=&edition=full","pubTime":"2021-11-30 22:04","market":"us","language":"en","title":"My Top 2 Growth Stocks to Buy in December","url":"https://stock-news.laohu8.com/highlight/detail?id=2187874695","media":"Motley Fool","summary":"Both are digital payment facilitators with ancillary businesses.","content":"<p>With 2021 wrapping up, some investors evaluate their performance over the year. I prefer looking forward and searching for investment opportunities. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks I own and will add to during December are <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b> (NASDAQ:PYPL) and <b><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a></b> (NASDAQ:MELI).</p>\n<p>The stock prices of both are down nearly 40% from all-time highs, yet their businesses are strong. Why are two high-profile names struggling lately to provide returns for investors?</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F654672%2Fman-making-digital-payment.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>1. PayPal</h2>\n<p>PayPal provides a payment platform to process consumer and business transactions. It also owns Venmo, a popular app for sending money; and Honey, the browser add-on that saves customers money through automated coupon searches. The tailwinds behind e-commerce and digital payments blew hard throughout the pandemic, and PayPal benefited significantly.</p>\n<p>One area that bears have focused on is <b><a href=\"https://laohu8.com/S/EBAY\">eBay</a></b>'s (NASDAQ:EBAY) transition away from PayPal. Although eBay used to own PayPal and was the sole payment processor, the agreement no longer exists. But eBay's payment volume was only 3% of PayPal's total third-quarter volume.</p>\n<p>As for payment volume, it was up 26% to $310 billion in the third quarter, which brings PayPal's trailing-12-month volume to $1.2 trillion. Removing eBay transactions from the calculation accelerates its growth to 31%. Revenue grew 13% counting eBay-derived revenue and 25% without it. While losing a consistent revenue stream isn't a positive for PayPal, it is still executing well without it.</p>\n<p>Replacing PayPal's eBay partnership, <b>Amazon</b> (NASDAQ:AMZN) recently began accepting Venmo as a payment form on its website. This is significant, as PayPal's flagship product isn't accepted as a payment form during Amazon's checkout process. After the Venmo partnership was reached, PayPal can realize new revenue streams from Amazon, the world's largest e-commerce retailer.</p>\n<p>PayPal was rumored to be buying <b>Pinterest </b>(NYSE:PINS), sending share prices tumbling 10% in late October. PayPal's stock price has not recovered even after it released an official statement noting it was not pursuing the acquisition. Its Venmo partnership with Amazon coincided with its third-quarter earnings release, but it wasn't enough to keep the market from selling off another 10%. With the stock now down more than $100 a share from its all-time high, the market seems to have forgotten PayPal's potential.</p>\n<p>PayPal's valuation is also low, trading at a level not seen since March 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adb9e5f41d0c65a7d3702f2b81198bcc\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>PYPL P/E ratio data by YCharts.</span></p>\n<p>With fourth-quarter guidance of 12% to 14% revenue growth and payment volume rising another 33%, PayPal is still a solid growth stock. Nothing in the financials suggests this stock should be down nearly 40%.</p>\n<h2>2. MercadoLibre</h2>\n<p>MercadoLibre is bringing aspects of e-commerce that U.S. consumers love to Latin America. It has PayPal's payment element, Amazon's e-commerce platform, and shipping solutions to 18 countries across North and South America. It also has a small but growing credit platform for lending to businesses and consumers.</p>\n<p>The pandemic gave MercadoLibre a huge boost. Revenue grew year over year at more than 100% during the previous four quarters. Its third-quarter revenue overlapped these incredible results, and growth is slowing, but revenue still increased 73% in the quarter.</p>\n<p>None of MercadoLibre's business segments are lagging; all are executing. While nowhere near PayPal's payment volume, Mercado Pago processed $20.9 billion, growing 59% on a currency-neutral basis. The logistics division, Mercado Envios, shipped 32% more packages year over year. Currency-neutral gross merchandise volume sold on its e-commerce platform rose 30% to $7.3 billion. Mercado Pago added an option to buy, sell, and hold cryptocurrencies in Brazil beginning at the end of November.</p>\n<p>Its price-to-sales ratio is as cheap now as it was during the low point of the pandemic-driven sell-off.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06e4b6867a192720a73e06c969b371c4\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>MELI P/S ratio data by YCharts.</span></p>\n<p>Investors should be taking advantage of MercadoLibre's depressed prices. It's not often the market holds a sale like it has now. Latin America's digital transformation is not complete, and MercadoLibre will continue being the transition's driving force.</p>\n<p>PayPal and MercadoLibre are two growth stocks down significantly. While market price fluctuations may result in 20% swings periodically, 40% drops must be examined for business weakness or market inconsistency. I believe market inconsistency is the case for both companies, which is why their stocks are my December top buys.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>My Top 2 Growth Stocks to Buy in December</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMy Top 2 Growth Stocks to Buy in December\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-30 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/30/my-top-2-growth-stocks-to-buy-in-december/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With 2021 wrapping up, some investors evaluate their performance over the year. I prefer looking forward and searching for investment opportunities. Two stocks I own and will add to during December ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/30/my-top-2-growth-stocks-to-buy-in-december/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/11/30/my-top-2-growth-stocks-to-buy-in-december/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2187874695","content_text":"With 2021 wrapping up, some investors evaluate their performance over the year. I prefer looking forward and searching for investment opportunities. Two stocks I own and will add to during December are PayPal Holdings (NASDAQ:PYPL) and MercadoLibre (NASDAQ:MELI).\nThe stock prices of both are down nearly 40% from all-time highs, yet their businesses are strong. Why are two high-profile names struggling lately to provide returns for investors?\nImage source: Getty Images.\n1. PayPal\nPayPal provides a payment platform to process consumer and business transactions. It also owns Venmo, a popular app for sending money; and Honey, the browser add-on that saves customers money through automated coupon searches. The tailwinds behind e-commerce and digital payments blew hard throughout the pandemic, and PayPal benefited significantly.\nOne area that bears have focused on is eBay's (NASDAQ:EBAY) transition away from PayPal. Although eBay used to own PayPal and was the sole payment processor, the agreement no longer exists. But eBay's payment volume was only 3% of PayPal's total third-quarter volume.\nAs for payment volume, it was up 26% to $310 billion in the third quarter, which brings PayPal's trailing-12-month volume to $1.2 trillion. Removing eBay transactions from the calculation accelerates its growth to 31%. Revenue grew 13% counting eBay-derived revenue and 25% without it. While losing a consistent revenue stream isn't a positive for PayPal, it is still executing well without it.\nReplacing PayPal's eBay partnership, Amazon (NASDAQ:AMZN) recently began accepting Venmo as a payment form on its website. This is significant, as PayPal's flagship product isn't accepted as a payment form during Amazon's checkout process. After the Venmo partnership was reached, PayPal can realize new revenue streams from Amazon, the world's largest e-commerce retailer.\nPayPal was rumored to be buying Pinterest (NYSE:PINS), sending share prices tumbling 10% in late October. PayPal's stock price has not recovered even after it released an official statement noting it was not pursuing the acquisition. Its Venmo partnership with Amazon coincided with its third-quarter earnings release, but it wasn't enough to keep the market from selling off another 10%. With the stock now down more than $100 a share from its all-time high, the market seems to have forgotten PayPal's potential.\nPayPal's valuation is also low, trading at a level not seen since March 2020.\nPYPL P/E ratio data by YCharts.\nWith fourth-quarter guidance of 12% to 14% revenue growth and payment volume rising another 33%, PayPal is still a solid growth stock. Nothing in the financials suggests this stock should be down nearly 40%.\n2. MercadoLibre\nMercadoLibre is bringing aspects of e-commerce that U.S. consumers love to Latin America. It has PayPal's payment element, Amazon's e-commerce platform, and shipping solutions to 18 countries across North and South America. It also has a small but growing credit platform for lending to businesses and consumers.\nThe pandemic gave MercadoLibre a huge boost. Revenue grew year over year at more than 100% during the previous four quarters. Its third-quarter revenue overlapped these incredible results, and growth is slowing, but revenue still increased 73% in the quarter.\nNone of MercadoLibre's business segments are lagging; all are executing. While nowhere near PayPal's payment volume, Mercado Pago processed $20.9 billion, growing 59% on a currency-neutral basis. The logistics division, Mercado Envios, shipped 32% more packages year over year. Currency-neutral gross merchandise volume sold on its e-commerce platform rose 30% to $7.3 billion. Mercado Pago added an option to buy, sell, and hold cryptocurrencies in Brazil beginning at the end of November.\nIts price-to-sales ratio is as cheap now as it was during the low point of the pandemic-driven sell-off.\nMELI P/S ratio data by YCharts.\nInvestors should be taking advantage of MercadoLibre's depressed prices. It's not often the market holds a sale like it has now. Latin America's digital transformation is not complete, and MercadoLibre will continue being the transition's driving force.\nPayPal and MercadoLibre are two growth stocks down significantly. While market price fluctuations may result in 20% swings periodically, 40% drops must be examined for business weakness or market inconsistency. I believe market inconsistency is the case for both companies, which is why their stocks are my December top buys.","news_type":1},"isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875282396,"gmtCreate":1637658230673,"gmtModify":1637659804936,"author":{"id":"4095159210406790","authorId":"4095159210406790","name":"Sandman6624","avatar":"https://static.tigerbbs.com/59819e87e8c88e2f1a94acc3fed823dc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4095159210406790","authorIdStr":"4095159210406790"},"themes":[],"htmlText":"Expect to see higher share price 😊👍","listText":"Expect to see higher share price 😊👍","text":"Expect to see higher share price 😊👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875282396","repostId":"1181530457","repostType":2,"repost":{"id":"1181530457","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637657141,"share":"https://www.laohu8.com/m/news/1181530457?lang=&edition=full","pubTime":"2021-11-23 16:45","market":"hk","language":"en","title":"Kuaishou's total revenue increased by 33.4% to RMB20.5 billion from RMB15.4 billion for the same period of 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=1181530457","media":"Tiger Newspress","summary":"Kuaishou Technology (HK:1024), a leading content community and social platform, today announced its ","content":"<p>Kuaishou Technology (HK:1024), a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months (\"Third Quarter\") endedSeptember 30, 2021.</p>\n<p><b>Third Quarter 2021 Key Financial and Operating Highlights</b></p>\n<p><b>•Average DAUs on Kuaishou APP</b>were 320.4 million, representing an increase of 17.9% from 271.7 million for the same period of 2020.</p>\n<p><b>•Average MAUs on Kuaishou APP</b>were 572.9 million, representing an increase of 19.5% from 479.4 million for the same period of 2020.</p>\n<p><b>•Average daily time spent per DAU(1)</b>was 119.1 minutes, representing an increase of 35.0% from 88.2 minutes for the same period of 2020.</p>\n<p><b>•Average online marketing services revenue per DAU</b>&nbsp;was&nbsp;RMB34.0, representing an increase of 49.8% fromRMB22.7for the same period of 2020.</p>\n<p><b>•Total GMV of e-commerce transactions facilitated on our platform</b>&nbsp;was&nbsp;RMB175.8 billion, representing an increase of 86.1% fromRMB94.5 billion&nbsp;for the same period of 2020.</p>\n<p><b>•Total revenue</b>&nbsp;increased by 33.4% to&nbsp;RMB20.5 billion&nbsp;from&nbsp;RMB15.4 billion&nbsp;for the same period of 2020. Amongst total revenues, online marketing services increased by 76.5% toRMB10.9 billionfromRMB6.2 billion&nbsp;for the same period of 2020. As a percentage of the total revenue, online marketing services contributed 53.2%, while live streaming contributed 37.7%. The remaining 9.1% came from other services.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kuaishou's total revenue increased by 33.4% to RMB20.5 billion from RMB15.4 billion for the same period of 2020</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKuaishou's total revenue increased by 33.4% to RMB20.5 billion from RMB15.4 billion for the same period of 2020\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-23 16:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Kuaishou Technology (HK:1024), a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months (\"Third Quarter\") endedSeptember 30, 2021.</p>\n<p><b>Third Quarter 2021 Key Financial and Operating Highlights</b></p>\n<p><b>•Average DAUs on Kuaishou APP</b>were 320.4 million, representing an increase of 17.9% from 271.7 million for the same period of 2020.</p>\n<p><b>•Average MAUs on Kuaishou APP</b>were 572.9 million, representing an increase of 19.5% from 479.4 million for the same period of 2020.</p>\n<p><b>•Average daily time spent per DAU(1)</b>was 119.1 minutes, representing an increase of 35.0% from 88.2 minutes for the same period of 2020.</p>\n<p><b>•Average online marketing services revenue per DAU</b>&nbsp;was&nbsp;RMB34.0, representing an increase of 49.8% fromRMB22.7for the same period of 2020.</p>\n<p><b>•Total GMV of e-commerce transactions facilitated on our platform</b>&nbsp;was&nbsp;RMB175.8 billion, representing an increase of 86.1% fromRMB94.5 billion&nbsp;for the same period of 2020.</p>\n<p><b>•Total revenue</b>&nbsp;increased by 33.4% to&nbsp;RMB20.5 billion&nbsp;from&nbsp;RMB15.4 billion&nbsp;for the same period of 2020. Amongst total revenues, online marketing services increased by 76.5% toRMB10.9 billionfromRMB6.2 billion&nbsp;for the same period of 2020. As a percentage of the total revenue, online marketing services contributed 53.2%, while live streaming contributed 37.7%. The remaining 9.1% came from other services.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181530457","content_text":"Kuaishou Technology (HK:1024), a leading content community and social platform, today announced its unaudited consolidated results for the three months and nine months (\"Third Quarter\") endedSeptember 30, 2021.\nThird Quarter 2021 Key Financial and Operating Highlights\n•Average DAUs on Kuaishou APPwere 320.4 million, representing an increase of 17.9% from 271.7 million for the same period of 2020.\n•Average MAUs on Kuaishou APPwere 572.9 million, representing an increase of 19.5% from 479.4 million for the same period of 2020.\n•Average daily time spent per DAU(1)was 119.1 minutes, representing an increase of 35.0% from 88.2 minutes for the same period of 2020.\n•Average online marketing services revenue per DAU was RMB34.0, representing an increase of 49.8% fromRMB22.7for the same period of 2020.\n•Total GMV of e-commerce transactions facilitated on our platform was RMB175.8 billion, representing an increase of 86.1% fromRMB94.5 billion for the same period of 2020.\n•Total revenue increased by 33.4% to RMB20.5 billion from RMB15.4 billion for the same period of 2020. Amongst total revenues, online marketing services increased by 76.5% toRMB10.9 billionfromRMB6.2 billion for the same period of 2020. As a percentage of the total revenue, online marketing services contributed 53.2%, while live streaming contributed 37.7%. The remaining 9.1% came from other services.","news_type":1},"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":603450369,"gmtCreate":1638443311456,"gmtModify":1638443889937,"author":{"id":"4095159210406790","authorId":"4095159210406790","name":"Sandman6624","avatar":"https://static.tigerbbs.com/59819e87e8c88e2f1a94acc3fed823dc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4095159210406790","idStr":"4095159210406790"},"themes":[],"htmlText":"I want to Grab their shares - haha! 😊","listText":"I want to Grab their shares - haha! 😊","text":"I want to Grab their shares - haha! 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/603450369","repostId":"1107545461","repostType":2,"repost":{"id":"1107545461","pubTimestamp":1638422200,"share":"https://www.laohu8.com/m/news/1107545461?lang=&edition=full","pubTime":"2021-12-02 13:16","market":"us","language":"en","title":"Grab debuts on Nasdaq, marking biggest Southeast Asia listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1107545461","media":"Reuters","summary":"$Grab$, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company  $Altimeter Growth Corp$.The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" aft","content":"<p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p>\n<p>The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p>\n<p><b>WHAT IS GRAB?</b></p>\n<p>Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.</p>\n<p>Singapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.</p>\n<p>Grab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.</p>\n<p>With some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.</p>\n<p><b>WHO'S BACKING GRAB? </b></p>\n<p>Early investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.</p>\n<p>Grab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:</p>\n<p>Uber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..</p>\n<p>In the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.</p>\n<p><b>WHO'S THE COMPETITION? </b></p>\n<p>GoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.</p>\n<p>Singapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.</p>\n<p>Grab is likely to increasingly start competing with banks as it expands its financial services.</p>\n<p>It also competes with such delivery companies as Foodpanda and Deliveroo PLC.</p>\n<p><b>WHAT ARE GRAB'S FINANCIALS?</b></p>\n<p>Grab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.</p>\n<p>The delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.</p>\n<p>Grab forecasts it will turn profitable on an EBITDA basis in 2023.</p>\n<p><b>WHO ARE ITS KEY EXECUTIVES?</b></p>\n<p>Anthony Tan, 39, is the company's CEO and co-founder.</p>\n<p>Fellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.</p>\n<p>Both Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.</p>\n<p>Grab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.</p>\n<p><b>Here are some milestones for the Singapore-headquartered company:</b></p>\n<p>2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan</p>\n<p>2012: Launches as MyTeksi taxi booking service in Malaysia</p>\n<p>2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi</p>\n<p>April 2014: Announces Series A funding</p>\n<p>June 2014: Launches in Indonesia</p>\n<p>December 2014: Japan's SoftBank&nbsp;invests $250 million in a funding round</p>\n<p>August 2015: Becomes a unicorn after $350 million funding round</p>\n<p>December 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber</p>\n<p>January 2016: Rebrands to Grab from GrabTaxi to reflect expanding services</p>\n<p>November 2017: Launches GrabPay payments service for third-party transactions</p>\n<p>March 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder</p>\n<p>May 2018: Pilots GrabFood delivery service</p>\n<p>July 2018: Unveils \"superapp\" strategy that provides a range of services under one platform</p>\n<p>March 2019: Reaches valuation of about $14 billion</p>\n<p>December 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd</p>\n<p>April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp&nbsp;securing a valuation of nearly $40 billion</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab debuts on Nasdaq, marking biggest Southeast Asia listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-02 13:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\n...</p>\n\n<a href=\"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107545461","content_text":"Grab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\nThe deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.\nWHAT IS GRAB?\nFounded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.\nSingapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.\nGrab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.\nWith some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.\nWHO'S BACKING GRAB? \nEarly investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.\nGrab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:\nUber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..\nIn the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.\nWHO'S THE COMPETITION? \nGoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.\nSingapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.\nGrab is likely to increasingly start competing with banks as it expands its financial services.\nIt also competes with such delivery companies as Foodpanda and Deliveroo PLC.\nWHAT ARE GRAB'S FINANCIALS?\nGrab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.\nThe delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.\nGrab forecasts it will turn profitable on an EBITDA basis in 2023.\nWHO ARE ITS KEY EXECUTIVES?\nAnthony Tan, 39, is the company's CEO and co-founder.\nFellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.\nBoth Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.\nGrab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.\nHere are some milestones for the Singapore-headquartered company:\n2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan\n2012: Launches as MyTeksi taxi booking service in Malaysia\n2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi\nApril 2014: Announces Series A funding\nJune 2014: Launches in Indonesia\nDecember 2014: Japan's SoftBank invests $250 million in a funding round\nAugust 2015: Becomes a unicorn after $350 million funding round\nDecember 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber\nJanuary 2016: Rebrands to Grab from GrabTaxi to reflect expanding services\nNovember 2017: Launches GrabPay payments service for third-party transactions\nMarch 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder\nMay 2018: Pilots GrabFood delivery service\nJuly 2018: Unveils \"superapp\" strategy that provides a range of services under one platform\nMarch 2019: Reaches valuation of about $14 billion\nDecember 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd\nApril 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion","news_type":1},"isVote":1,"tweetType":1,"viewCount":978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875282396,"gmtCreate":1637658230673,"gmtModify":1637659804936,"author":{"id":"4095159210406790","authorId":"4095159210406790","name":"Sandman6624","avatar":"https://static.tigerbbs.com/59819e87e8c88e2f1a94acc3fed823dc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4095159210406790","idStr":"4095159210406790"},"themes":[],"htmlText":"Expect to see higher share price 😊👍","listText":"Expect to see higher share price 😊👍","text":"Expect to see higher share price 😊👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875282396","repostId":"1181530457","repostType":2,"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609672715,"gmtCreate":1638283539250,"gmtModify":1638283539250,"author":{"id":"4095159210406790","authorId":"4095159210406790","name":"Sandman6624","avatar":"https://static.tigerbbs.com/59819e87e8c88e2f1a94acc3fed823dc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4095159210406790","idStr":"4095159210406790"},"themes":[],"htmlText":"Yes I will buy them too - good value to accumulate&nbsp;","listText":"Yes I will buy them too - good value to accumulate&nbsp;","text":"Yes I will buy them too - good value to accumulate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609672715","repostId":"2187874695","repostType":2,"isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}