Good morning,
This week’s Original story comes on a Friday as we dive into Thailand’s on-demand market. It is the most competitive in Southeast Asia, and now it has a new player after Robinhood—the no-commision Grab rival created during Covid—was bought by a consortium.
..
Good morning,
This week’s Original story comes on a Friday as we dive into Thailand’s on-demand market. It is the most competitive in Southeast Asia, and now it has a new player after Robinhood—the no-commision Grab rival created during Covid—was bought by a consortium.
We’ll be back on Monday with our usual round-up.
Have a great weekend,
Jon
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Robinhood, a delivery and ride-hailing service run by leading bank SCB, has been acquired by a consortium led by Yip In Tsoi, a 98-year-old company with interests that span agriculture, construction and technology. The deal is valued at around $62 million (or 2 billion Thai baht) and it means…