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Softbank-backed Grab prepares for 'long winter' as virus hits revenue

A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore
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SINGAPORE (Reuters) - Softbank-backed Grab is preparing for a potentially "long winter", co-founder Tan Hooi Ling said on Thursday, as the ride-hailing firm's revenue takes a hit from the coronavirus outbreak. The Southeast Asian company has seen an uptick in food and parcel deliveries, but its core ride-hailing business has dropped, she said.Overall revenue was "lower than it used to be..
Date Published: May 14, 2020
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