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Terence Lee · · 4 min read

Grab’s ‘Greater Southeast Asia’ play

Welcome to Tech in Asia’s Sunday newsletter, your weekend brief on the biggest moves in Asia’s tech and startup world. Not on the mailing list? Register here. Got a story tip? Send it to editors@techinasia.com.

In focus

  • Terence Lee on Grab reviving “Greater Southeast Asia”
  • An ecommerce logistics duopoly emerging in Vietnam
  • Healthcare becoming a big theme among US VCs

Hello reader,

I’m old enough to remember when Sea Group was promoting the idea of a “Greater Southeast Asia” – consisting of Southeast Asia and Taiwan – as part of its IPO.

The coinage didn’t take off, but the business logic seemed sound. Shopee – the ecommerce arm of Sea Group – currently dominates Taiwan.

Now, Grab is adopting a similar playbook. It has announced buying food delivery platform Foodpanda to mark its entry into the country. Our analysis piece explores the thinking behind such a move.

Image credit: Timmy Loen

We’ve suspected that Grab may be expanding beyond home since it bought Stash Financial, a US-based digital investing platform.

Some believe this was purely a tech or talent acquisition. But what stands out with Stash is that it’s a registered investment advisor with over US$5 billion in assets serving more than 1.2 million users.

Sure, the platform could wind down. That said, its recent acquisition of user accounts from a fintech company that’s closing up shop suggests no such move is imminent.

Whatever the case, 2026 looks to be a milestone year for Grab, thanks to its well-honed M&A playbook.

Terence Lee, editor-in-chief


Editor’s picks

1️⃣ Grab’s $600m Taiwan bet: strategy or stretch?

The acquisition seems well-priced and could mark a first step into rebranding the super app as a global player. We further digest why it may have made such a move.

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TIA Writer

Terence Lee

I like analyzing and digging into the real goings-on in the tech industry. Holds these crypto: BTC, Eth, Matic