Charting Grab’s financial progress

More: London may be calling for Shein’s IPO. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [A financial health check on Grab]( - A Singapore-based B2B payments firm’s new fundraise. - Other newsy highlights such as Shein reportedly considering moving its IPO to London --------------------------------------------------------------- Hello {NAME} Not to sound like an old-timer, but I remember life in Hanoi before ride-hailing apps really took off. When I first moved here in 2015, getting a motorbike taxi from one place to another usually involved a bit of negotiation over the price with a man sitting on a street corner with his bike. I normally came off second-best in those tête-à -têtes, owing to my limited Vietnamese language skills. Nowadays though, myself and millions of other Hanoians use apps like Grab daily, mercifully saving me from losing my VND at the hands of motorbike taxi drivers. While Grab has long been helping my wallet, it’s taken a bit longer for the company itself to turn a profit, but it managed to do so last year. The charts in today’s featured premium story outline the company’s stellar Q4 performance and other key metrics. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Grab’s financial health in 11 charts]( These charts offer a snapshot of how Grab is performing. --------------------------------------------------------------- TRENDING NEWS [Shein may seek London IPO amid challenges in US]( The shift comes as the fast-fashion retailer believes its IPO plans would not be approved by the US SEC, Bloomberg reported. [SG-based B2B payments firm bags $5.2m in Insignia Ventures-led round]( Founded in early 2023, Fluid enables businesses to offer flexible payment options to their customers. ---------------------------------------------------------------  SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Founders, meet your next potential investor on May 30 If you're a founder, you know how difficult it is to kick off convos with the right people at the right time - even more so if you’re looking for your next investor. That's why you can't miss Saigon Summit. Sit down with top-tier investors and pitch your idea to see where it brings you! Signing up is easy: - Get a ticket to Saigon Summit [here](. - Keep your ticket code handy. - Click [here]( to apply for a slot to join Investor Hour. Early bird tickets are fully sold out! Get a limited first-release ticket now while stocks last. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: Unobank deal places Singapore on top]( Keep track of all the startup investment activities in Asia through our weekly funding list. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Saigon Summit 2024: Charting Vietnam’s Tech Future on May 30]( By popular demand, we’re bringing our signature trade show, Startup Showcase, to Saigon Summit on May 30! Startup founders, it’s your chance to put your name on the map and get the eyeballs of hundreds of tech professionals. Your next investor or business partner could be in the mix! Check out the perks you’ll receive when you sign up for Startup Showcase: * Your own space to showcase your product * Two tickets to Saigon Summit * Exclusive promo code for more tickets * Your logo spotlighted on our event website * .. and a lot more! Limited slots available - [apply to exhibit now]( - [Silicon Valley Insights: A discussion with Sean Ellis, co-author of Hacking Growth on March 11]( Ever heard of “growth hacking”? Sean Ellis, the pioneer who coined this term and catapulted companies such as Dropbox and Eventbrite into multibillion-dollar ventures, is coming to Singapore! Terence Lee, Tech in Asia’s very own editor-in-chief, will be moderating an exclusive fireside chat with Sean at Mandala Club. Gleam firsthand insights from Sean on his transformative growth engine strategies, practical implementation of growth-hacking tactics in real-world scenarios, and his take on the latest Silicon Valley and VC trends. Hurry, [grab your spot at just US$59]( before seats are taken!  ---------------------------------------------------------------  CONFERENCE LINEUP Check out Tech in Asia’s other signature events lineup for 2024 [here](. - [Product Development Conference (June 2024)]( Gain insights from industry leaders, explore current trends, and learn best practices at our Product Development Conference in mid-2024. Sign up as early as now to get special rates for this two-day event in Jakarta. - [Tech in Asia Conference Kuala Lumpur 2024 (July 2024)]( For the first time ever, Tech in Asia Conference is coming to Kuala Lumpur! 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