Southeast Asia’s GrabTaxi strives to complement Didi, tap new markets

Source:Global Times Published: 2016/9/6 22:28:40

Singapore-based car-hailing service provider GrabTaxi looks forward to complementing its Chinese partner Didi Chuxing, and tapping into different markets, the company's vice president of public affairs said on Tuesday.

As many people travel between China and Southeast Asia, GrabTaxi, the online taxi-booking platform in Southeast Asia, intends to offer all these travelers in both directions a similar ride experience, Nina Teng, vice president of public affairs, told the Global Times on Tuesday during the ongoing ASEAN Business and Investment Summit 2016.

"We're looking at actually integrating into our app so that when Southeast Asian travelers using Grab go to China, they can open the Grab app and book a Didi ride," Teng said.

She noted that the two car-hailing companies expect to announce this integrated feature soon.

GrabTaxi, which is a rival to Uber in Southeast Asia, announced that it had raised more than $350 million from investors including sovereign wealth fund China Investment Corp, hedge fund Coatue Management LLC and Didi, Reuters reported in August 2015.

The two car-hailing companies share the same goal of reshaping transportation and potential competition with other similar platforms "just helps us get better," Teng noted.

The rides booked through transport apps still account for a small part of the total in Southeast Asia, which remains a potential market for Grab, which now only operates in six countries and 30 cities, she said. 

The company is working closely with the governments involved on regulations that enable the smart technology to solve problems in public transport, Teng noted.

Grab also reached a ­partnership deal with Didi, Lyft and Ola in December 2015 to leverage one another's technology, local market knowledge and business resources so that international travelers could seamlessly access local on-demand rides by using the same apps they used at home.

Grab has 95 percent of the market in Southeast Asia for third-party taxi-hailing services, with up to 1.5 million daily bookings across six countries, according to its website.

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