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Uber rival Grab expands rapidly in Southeast Asia

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Billy Clark
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News: A report showed that Grab s app surpassed Uber s in first-quarter downloads.

Compared to Uber, the startup has presence in more cities in the region, The Wall Street Journal reported, citing a study by mobile-app analytics firm App Annie.

The ride-hailing market in Southeast Asia is expected to grow over five times to $13.1bn by 2025 from $2.5bn last year, accroding to a recent report on Southeast Asia's internet economy conducted by Alphabet's Google and Singapore state-investment firm Temasek Holdings.

Launched in 2012, Singapore-based GrabTaxi Holdings provides services such as motorcycle taxis, package deliveries and cash payment, which are tailored to fit the local needs in the region.

Grab's valuation reached $1.6bn in its last round of funding in 2015 and it currently operates in 30 cities in Southeast Asia, employing 1,600 peoples.

However, competing with Uber is a not an easy task for Grab, as the former has massive resources to expand globally.

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