$Grab Holdings (GRAB.US)$ Baba for example also have a lost ...
$Grab Holdings(GRAB.US$ Baba for example also have a lost making food delivery business. BUT they can afford it. Their core business is their cash cow and food delivery is just to improve their customers experience and retention.
Grab is different. Their CORE business is lost making 🤦 and struggling to keep customers. And they try to enter into another saturated business Fintech which don't have much synergy with their core business. Alamak. Why would anyone invest in Grab ha? #Temasek
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102315873 : It's not clear if Temasek still holds a stake in Grab. It's possible that they exited their position by now.