APAC Ride-Hailing Apps go on Steroids to Offer ‘Super Apps’ in Effort to Offset Universal Losses

LONDON–(BUSINESS WIRE)–#Smartmobility–While the traditional market for mobility, the passenger car market, has slowed and declined, the ride-hailing market has continued to grow. Worldwide, nearly 22 billion ride-hailing trips were completed in 2018 and just under 28 billion trips are expected to be completed by the end of 2019, states global tech market advisory firm, ABI Research. Yet, despite this growth, vendors around the world are experiencing alarming losses. “Uber has reported a net loss of US$1.1 b
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