Grab Says Demand Returning in Certain Countries After Vietnam Lockdown -- Market Talk
Grab Says Demand Returning in Certain Countries After Vietnam Lockdown -- Market Talk
0854 ET - Lockdowns in Vietnam hurt Grab's 3Q results, the company says, with revenue falling 9%. "Mobility and food delivery services were suspended in Vietnam for most of Q3, and six of our core countries in which we operate experienced tighter movement controls," finance chief Peter Oey says. But mobility demand is returning in certain countries heading into 4Q, Oey says. He says the company -- which offers ride-hailing, food-delivery and digital-wallet products -- is adding on investments that will help it capture a greater share of opportunities and open up addressable markets, such as groceries. The company is set to go public through a combination with SPAC Altimeter Growth Corp., a deal that is expected to close in 4Q. (dave.sebastian@wsj.com; @depsebastian)
0854ET-該公司表示，越南的封鎖損害了Grab的第三季度業績，收入下降了9%。越南首席財務官彼得·歐伊(Peter Oey)表示：“在第三季度的大部分時間裏，越南的流動和送餐服務都處於暫停狀態，我們開展業務的六個核心國家經歷了更嚴格的流動控制。”但Oey表示，進入第四季度，某些國家的移動性需求正在回升。他説，這家提供叫車、送餐和數字錢包產品的公司正在增加投資，以幫助它抓住更大份額的機會，並開拓食品雜貨等潛在市場。該公司將通過與SPAC高度計增長公司(SPAC Altimeter Growth Corp.)的合併上市，這筆交易預計將在第四季度完成。(dave.sebastian@wsj.com；@dessebastian)