Profitability, margins gain urgency at Grab amid SoftBank woes, Uber losses

Profitability, margins gain urgency at Grab amid SoftBank woes, Uber losses

A GrabBike motorcycle driver, left, and a Go-Jek motorcycle driver wait for orders in Jakarta, Indonesia, on Sunday, Aug. 13, 2017. Photographer: Dimas Ardian/Bloomberg

It already seems like a distant memory when SoftBank Group CEO Masayoshi Son visited Indonesia in July and promised a $2 billion investment in the country through tech startup Grab, which in turn pledged to build a “second headquarters” in Jakarta.

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