Grab facing off against Tesla taxis in Indonesia
[JAKARTA] In 2015, the shares of Indonesia’s largest cab company were soaring, while its revenue reached a record high. Then came Uber, followed by Grab and Gojek, South-east Asia’s answer to the revolutionary ride-hailing app. Competition from the technology titans wiped out US$1.7 billion, or almost 80 per cent, of PT Blue Bird’s market value […]
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