Grab Holdings Limited

Vietnam’s competition authority is reviewing Grab’s pricing, fees and commission rates after drivers urged a boycott over falling fares and deductions. Grab has been asked to submit documents on how customer prices, commissions and driver deductions are determined; similar information has been requested from other ride‑hailing platforms. The move follows an earlier investigation in Indonesia, where Grab and GoTo reduced commissions for two‑wheeler rides from 20% to 8%. » Más en de.investing.com

Grab is reportedly in advanced talks to acquire a majority stake in Atome Financial; the Advance Intelligence Group subsidiary is said to be valued at more than $2 billion, but no deal has been reached. This year Grab has already acquired Stash Financial for $425 million and Foodpanda’s Taiwan business for $600 million, and recently raised its full-year forecasts thanks to strong demand in its ride-hailing business. Atome, a buy-now-pay-later provider, last grew revenue by 80% to $470 million and was profitable before taxes for the second consecutive time; investors in the parent include SoftBank Vision Fund 2 and Warburg Pincus. » Más en de.investing.com

Grab reported Q2 revenue up 22% to $997 million and net income of $252 million, beating expectations. The company raised full-year revenue guidance to $4.10–4.15 billion and EBITDA to $720–740 million, announced a $750 million buyback, and credited AI and a budget 'Saver' strategy for faster product rollout and lower operating costs. Management noted AI cut sales inefficiencies substantially, but Grab is still spending heavily on incentives ($706 million in the quarter) and faces regulatory pressure in Indonesia and intense competition. » Más en finance.yahoo.com