14 March 2022
Grab Holdings, Southeast Asia’s ride-hailing and delivery provider, reported a loss that doubled to US$1.1bn in Q4 2021, while SEA Limited that operates Shoppee had net loss that widened to US$616m in Q4 2021. Delivery Hero, which operates Foodpanda, reported losses of US$888m for the full year.
SEA expects ecommerce business to continue growing
Despite the net loss, its revenue jumped 106%...