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Reuters sheds light on Southeast Asia ride-hailing companies badly hit by coronavirus

Reuters sheds light on Southeast Asia ride-hailing companies badly hit by coronavirus

Reuters shed light on how two of Southeast Asia’s most vibrant companies – ride-hailing firms Gojek and Grab – are suffering because of the coronavirus pandemic. Drivers for Gojek and Grab, which is backed by SoftBank Group, in Indonesia, Vietnam and Thailand told Reuters they’ve struggled, with income slashed by more than half. And, disappointingly, for both drivers and the companies, an increase in food deliveries – forecast as a major growth area for both firms – has come nowhere near compensating for the losses in transportation.