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-该公司表示，越南的封锁损害了Grab的第三季度业绩，收入下降了9%。越南首席财务官彼得·欧伊(Peter Oey)表示：“在第三季度的大部分时间里，越南的流动和送餐服务都处于暂停状态，我们开展业务的六个核心国家经历了更严格的流动控制。”但Oey表示，进入第四季度，某些国家的移动性需求正在回升。他说，这家提供叫车、送餐和数字钱包产品的公司正在增加投资，以帮助它抓住更大份额的机会，并开拓食品杂货等潜在市场。该公司将通过与SPAC高度计增长公司(SPAC Altimeter Growth Corp.)的合并上市，这笔交易预计将在第四季度完成。(dave.sebastian@wsj.com；@dessebastian)