Malaysia’s peer-to-peer car-sharing marketplace Moovby has put its regional expansion plans on hold with the COVID-19 outbreak casting a shadow on tourism and allied activities, dragging car rental demand.
Moovby founder and CEO Nik Muhammad Amin told DealStreetAsia, in an interview, the COVID-19 outbreak is impacting the group’s businesses in Malaysia and Indonesia, which saw 30 per cent month-on-month decrease in the first two weeks of March, compared to a 20 per cent month-on-month booking growth during the pre-COVID-19 period.
