Lyft

Tong's Portfolio

Declining attraction of unicorn IPOs

SINGAPORE (Sept 30): This year was supposed to be the year for tech unicorns. Instead, many are getting unexpectedly strong pushback in the public market — best epitomised by the rapid unravelling of the hype and euphoria surrounding WeWork in the run-u

Startups, Entrepreneurs, Digital economy

Cash party almost over for unicorns such as Uber

SINGAPORE (Apr 22): Uber Technologies’ coming IPO is a moment to reflect on the oodles of investment cash that have resulted in a herd of “unicorns”, the awful but convenient shorthand for tech companies that reach valuations of at least US$1 billio

In print this week

Briefs

SINGAPORE (Apr 15): “The patience of Ecuador has reached its limit on the behaviour of Mr Assange.” — Lenín Moreno, Ecuador’s president, on the decision to allow UK police to arrest WikiLeaks founder Julian Assange, who faces accusations of rape.

Commentary

Grab's bonfire of the vanities is just blowing smoke, says Bloomberg Opinion's Tim Culpan

(April 9): One sentence from Grab Holdings Inc. co-founder Anthony Tan sums up the outlook for the dumpster fire that is Southeast Asia’s increasingly toxic taxi wars.

Singaporeans become Uber drivers to get around high car prices

SINGAPORE (March 17): In one of the most expensive countries in the world to own a car, Peter Chiu is finding a novel way to pay for one.
Grab

Grab gives Lyft a ride, and vice versa

SINGAPORE (June 2): Ride hailing app Grab is expanding its reach beyond its Southeast Asia home market via a tie-up with Lyft in the United States.
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