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Actual taxi and private-hire vehicle bookings by the app may be even fewer, if Grab customers make much use of the extra services like food delivery, payments, insurance and videos that Grab has added to its hailing services in its quest to interest South-East Asians in a super app.
Sappe already exports to almost 100 countries: in Asia, Europe, the Americas and the Middle East. Its net profit climbed 59% to 653 million baht in 2022. More than three-quarters of revenue came from overseas.
At a time when European banks would only loan to non-whites on crippling terms—if at all—Chin Sophonpanich was renowned for placing his trust in promising Chinese entrepreneurs throughout Southeast Asia. Among his protegés who rose to become dollar multi-millionaire and billionaire tycoons were Malaysia’s Robert Kuok and Indonesia’s Liem Sioe Liong.
Then there are more than ten recent accidents that Tesla drivers have blamed on mechanical malfunctions, which early this year drew the attention of Chinese regulatory authorities. Some of the accusations of malfunctions are similar to those made by Tesla owners in the US. Through it all, Tesla executives have appeared little concerned about the tarnishing of the company’s once dazzling brand image in China
Fintech, monopolies, regulation, electric cars, privacy, trade wars ... Sources and other friends of news site TechNode reflect on Chinese tech trends in 2020 and suggest what to expect in 2021.
Susan J Cunningham 