hooq News of 06/07/20
Streaming Service Hooq Files For Liquidation
On-demand video streaming service Hooq said on Friday it has filed for liquidation after it failed to grow rapidly and cover its increasing operating costs. Hooq Digital, a joint venture between Singapore telecom group Singtel (majority owner), ...
Indonesia’S Ride-Hailing Giant Gojek Launches Video Streaming Service GoPlay
On-demand video streaming giant Netflix, which is increasingly expanding its footprint in developing markets , now has a new competitor in Indonesia: Gojek. The Indonesian ride-hailing giant on Thursday launched a video streaming service called ...
Grab Is Talking To Ant Financial And PayPal About Spinning Out Its Financial Services Business
Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on ...
Grab Launches SME Loans And Micro-Insurance In Southeast Asia
In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billion from the Vision Fund as part of a larger $5 ...
Southeast Asia’S Grab Is Adding Netflix-Like Video Streaming To Its Ride-Hailing App
Grab is Southeast Asia’s top ride-hailing firm thanks to its acquisition of Uber’s local business last year. Its biggest competitor gone, the company is on a push to go beyond transport and become an everyday ‘super app’ ...
Netflix Rival Iflix Offloads Its Africa Business To Focus On Asia
Iflix, the emerging market Netflix competitor that’s backed by Sky , is leaving Africa to double down on its business in Asia. The Malaysia-based company announced today it has sold the remaining shares in its Africa business — Kwesé ...