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Nur Atifi · · 1 min readIn brief: Grab faces a new ride-hailing rival in Vietnam
Vietnam’s newest ride-hailing player Be Group said it [has] secured “hundreds of millions US dollars” of investments as it gets ready for launch next week to compete with regional players such as Grab. [Be] did not reveal the quantum of funding or who the investors are.
Source: Reuters
Slated to go live on December 17, the app will initially roll out two services: BeCar and BeBike.
Photo credit: kinhtedothi.vn
Be Group founder and chief executive Tran Thanh Hai said the platform aims to have 110,000 drivers across Vietnam by end-2019. The app will eventually introduce food delivery, e-payment, and financing services, he added.
Editing by Eileen C. Ang
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