Grab reports $988m net loss for Q3 as lockdowns hit ride-hailing

Nikkei Asia | Nov. 11, 2021, 5:05 p.m. | Original

SINGAPORE -- Southeast Asian unicorn Grab on Thursday reported a net loss of $988 million for the July-September quarter, worsened from a $621 million loss a year earlier, as heightened COVID-19 control measures in the region hit its core ride-hailing business.

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