The latest moves and news by ride-hailing players suggest that the decade-old transportation business model may finally be seeing signs of stability. But don’t launch the ride-hailing comeback tour in Southeast Asia just yet.
Industry observers say ride-hailing is unlikely to reclaim the wheel for regional giants Grab and Gojek, instead remaining in the backseat to play a crucial but supporting role as the super app players rely on food and financials to drive growth.
