Why Grab Wants to Acquire Indonesia’s GoTo for $7 Billion?

🍕 Food Delivery

Why Grab Wants to Acquire Indonesia’s GoTo for $7 Billion?

If successful, the deal will create a ride-hailing and delivery giant that would dominate Southeast Asian markets (The Diplomat).

Market growth is limited, refined operations determine success or failure.

Hong Kong is a food paradise. As a small place, it is not difficult to find “food”. Whether it is a chain restaurant or a small restaurant, there is always one nearby. Eating out has long become a habit for Hong Kong people. However, the epidemic in the early years changed the public’s consumption pattern and activated the local takeaway market to a certain extent (Takungpao).

France: “It’s getting worse and worse,” food delivery workers suffer a huge drop in income.

Food delivery drivers are pedaling more and more and earning less and less. Their income has declined significantly over the past four years, according to the Employment Platforms Social Relations Authority (ARPE), which regulates the sector. A drop of 34.2% at Uber Eats, 26.6% at Stuart, and 22.7% at Deliveroo, taking inflation into account… This further complicates the working conditions of delivery drivers (Rfi).