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Top related persons:
Kai Wang - 2 Alex Hungate - 1 Peter Oey - 1 Oey - 1 GrabShare - 1 Sachin Mittal - 1 Grab's Hungate - 1 Jonathan Woo - 1
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Search resuls for: "Kai Wang"


3 mentions found


☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
  + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."
Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S
☆ Meituan’s KeeTa joins Hong Kong's food delivery race — but analysts are skeptical
  + stars: | 2023-07-04 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +6 min
HONG KONG, CHINA - MAY 22: A poster promoting 'KeeTa' is seen on May 22, 2023 in Hong Kong, China. "I'm not very optimistic about Meituan's expansion in Hong Kong," Shawn Yang, managing director of Blue Lotus Research Institute, told CNBC. The food delivery service — named KeeTa — launched on May 22 in two residential areas: Mong Kok and Tai Kok Tsui. Stiff competitionThe penetration rate of food delivery in Hong Kong is not particularly high. The food delivery market in Hong Kong remains lukewarm, even during the pandemic, with moderate growth rates.
Persons: Chen Yongnnuo, Shawn Yang, KeeTa —, Mong Kok, Tai Kok Tsui, KeeTa, Sham, Meituan, Kai Wang, ChinaIRN, doesn't, it's, Wang, Yang, Blue, Ryan Lai, Lai Organizations: China News Service, Getty, Blue Lotus Research Institute, CNBC, Yau, Morningstar, Morningstar Asia, Blue Lotus Research, Blue Lotus, Foodpanda, Hong, HK Locations: HONG KONG, CHINA, Hong Kong, China, Mong, Morningstar Asia, Mong Kok, Hong, Deliveroo, Foodpanda Hong Kong
☆ China's answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints
  + stars: | 2023-03-16 | by ( Eduardo Baptista Josh Ye | Eduardo Baptista | Josh Ye | ) www.reuters.com   time to read: +5 min
The company's Ernie bot is based off its AI-driven deep learning model, Ernie - short for "Enhanced Representation through Knowledge Integration". During the presentation at Baidu's Beijing headquarters that was also livestreamed over nine platforms, Li cautioned it was not perfect. "After the release of ChatGPT, only Baidu has made a benchmark product among the major tech companies in the world," it said. "We continue to advise investors to patiently hold BIDU shares as the best 'national champion' play in China’s (semi-segregated) AI space," he said. "Ernie Bot is not a tool of confrontation between China and the United States," he said.
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