A not so “super” time at Grab

Check out our top articles for the week [Read from your browser]( Top Stories of The Week Hello {NAME} You can spot a Grab driver donning their jersey on nearly every single street in Hanoi or Ho Chi Minh City. The company’s dominant position in Vietnam is not questionable. But these days the super app is riding rough waters. At the regional level, its revenue and stock prices have both plummeted. The resignation of its top leader in Vietnam comes as a surprise, but it further shows the enormous challenges of being in the hot seat. Grab has always considered Vietnam its “next growth market” but severe mobility restrictions in 2021 due to the pandemic had stalled much of its operations. Meanwhile, its competitor Gojek has been revitalized in the country. Earlier this week, it announced a partnership with [fintech unicorn MoMo]( integrating the latter’s e-wallet with the former’s app. Last November, the Indonesia-based firm finally rolled out its [car-hailing services in Vietnam]( after several failed attempts. For all of us here at Tech in Asia, both Grab and Gojek are always on our must-watch list. Amid market uncertainties, one thing we can be certain of is that it’s not the time to grow at all costs. – Thu Huong Le, journalist at Tech in Asia --------------------------------------------------------------- TOP STORIES THIS WEEK 1. [Grab Vietnam country head to resign]( Nguyen Thai Hai Van joined Grab Vietnam in November 2019 after spending 17 years at Unilever Vietnam. 2. [Inside Carsome’s and Carro’s all-out war in Malaysia]( Carro is making an aggressive play in Malaysia. Carsome isn’t backing down on its home turf. 3. [GoTo Group’s financial health in 4 charts]( We analyze the financial figures reported by GoTo Group, Indonesia's most valuable tech company. 4. [The tech mogul backing Binance’s Malaysia breakthrough]( The tight network of Malaysian industry veterans pushing to collaborate with one of the world’s largest crypto exchanges is linked to a govtech tycoon. 5. [Exclusive: Webuy acquires Indonesian social commerce rival, starts offering travel deals]( The Singapore-based group-buying platform has also set its sights on travel bookings and plans to launch an advertising business in the long term. 6. [Billion-dollar market in cleaning tech? This startup is betting on it and seeking $15m]( We exclusively report that SmartClean is closing its venture debt fundraise of US$3 million, with US$12 million in equity funding to be raised by June. 7. [Can Carousell crack Google-Facebook duopoly with big ad bet?]( Carousell’s Connect challenges tech giants’ walled garden approach toward advertising and was two years in the making. 8. [The key players in Southeast Asia’s online grocery market]( Incumbents and startups alike are vying for a piece of the pie as the region’s online grocery market heats up. 9. [How India’s tech titans square up against Chinese peers]( Legacy businesses still dominate Indian tech, but the government is turning its attention toward younger upstarts. 10. [Axie Infinity players are using SLPs in real life]( The xSpend platform, run by XLD Finance, lets users pay bills and meet expenses with Axie Infinity tokens and other cryptocurrencies. --------------------------------------------------------------- EVENTS HAPPENING You can check out a curated list of trending tech events [over here](. - [Data-Driven Digital Products]( on March 24th Building digital products and services has become less intuition-based and more data-driven. On Mar 24, join Amplitude Product Evangelist and Coach John Cutler, together with Anupama Hoon, Chief Product Officer, Zenyum for a virtual webinar on how to create data-driven digital products. Attendance is complimentary, [sign up here](. - *Event* [[Workshop] How to launch an NFT collection]( on March 31st Not many NFT creators get a second chance after a failed launch, but Tasty Toastys founder Chanel Lee is an exception. After three months of learning from her initial mistakes, she became a household name, but her journey into the NFT world started years before that. Join us on March 31 as Lee shares the story of how she turned a hobby into a hit NFT collection that sold out all 7,600 of its tokens within a week. Click [here to reserve your seat](. --------------------------------------------------------------- WHO'S HIRING [logo] [Backend Developer (Go)]( at Gokomodo Jakarta, Indonesia IDR 12,000,000 – 16,000,000 [logo] [Product Manager]( at 99.co Jakarta, Indonesia [logo] [ERP Project Manager]( at JAC Recruitment Indonesia Indonesia Bulk Terminal, Indonesia IDR 25,000,000 – 30,000,000 [logo] [Web Chapter Lead (Frontend Lead)]( at Style Theory Jakarta, Indonesia [logo] [Sr. UI Designer]( at Flock Jakarta, Indonesia IDR 11,000,000 – 15,000,000 [logo] [Regulatory Specialist]( at Pandawa Agri Indonesia Banyuwangi, Indonesia (Remote) [ADVERTISE]( | [SUBSCRIBE]( | [HIRE]( | [FIND JOBS]( P.S. 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