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Forbes
23 minutes ago
- Forbes
Grab Partners With WeRide To Rollout Robotaxis Across Southeast Asia
Ride-hailing and delivery giant Grab Holdings is teaming up with WeRide to accelerate the deployment and commercialization of autonomous vehicles across Southeast Asia. Under the deal, Singapore-based Grab said it will make a strategic investment to support WeRide's commercial autonomous vehicle fleet in Southeast Asia and push AI-driven mobility. The transaction is set to be completed in the first half of 2026, it added, without disclosing financial details. 'We want everyone in Southeast Asia to have access to reliable transportation whenever they need it,' Grab Group CEO and co-founder Anthony Tan said in a joint statement on Friday. 'However, manpower constraints remain a challenge. We believe autonomous vehicles can complement our driver network and be deployed in cities with significant driver shortages.' The expanded partnership follows a preliminary agreement signed by both Nasdaq-listed companies in March this year to explore the technical feasibility and commercial viability of autonomous vehicles in Southeast Asia. Grab's investment will accelerate the deployment and commercialization of WeRide's level 4 autonomous vehicles (which are designed to operate in specific geographies and weather conditions without human intervention) in Southeast Asia, Guangzhou, China-based WeRide said in the statement. 'WeRide's vision for Southeast Asia is to deploy thousands of Robotaxis across the region,' Tony Han, founder and CEO of WeRide, said. 'Grab, our newest partner and investor, is a household name in Southeast Asia with unmatched regional expertise and scale in ride-hailing and digital services.' WeRide has permits to operate autonomous vehicles across China, France, Saudi Arabia, Singapore, United Arab Emirates and the U.S. It posted a net loss of 406.4 million yuan ($57 million) in the second quarter, slightly narrower than a year ago, as revenue jumped 61% to 127.2 million yuan. Grab swung to a $35-million net profit in the second quarter, compared with a $53 million net loss a year ago as sales climbed 23% to $819 million on the back of sustained demand for ride-hailing and delivery services in Southeast Asia. It added about two million monthly active users during the quarter, bringing its total to 46 million.
CNN
an hour ago
- CNN
Hong Kong twin pandas turn one
Hong Kong twin pandas turn one Giant panda twins Jia Jia and De De celebrated their first birthdays in Hong Kong on Friday. The cubs were born last August to Ying Ying, who became the oldest giant panda on record to give birth. 00:43 - Source: CNN Trump-Putin summit ends with no deal US President Donald Trump said he and Russian President Vladimir Putin 'made some headway' and 'great progress' in their bilateral meeting, but added that 'there's no deal until there's a deal.' 01:15 - Source: CNN Putin makes faces as journalists ask about Ukraine Russian President Vladimir Putin did not respond to reporters' questions about the war in Ukraine as his meeting with President Donald Trump and top aides was set to begin. Putin appeared to make a confused expression as multiple journalists began shouting questions. 00:13 - Source: CNN Trump and Putin land in Alaska for historic summit US President Donald Trump and Russian President Vladimir Putin arrived at a US military base in Alaska where the two leaders took part in a red carpet greeting ahead of their talks on Ukraine. As both leaders met on the tarmac, a flyover of American military planes passed overhead, including fighter jets and what appeared to be a B-2 stealth bomber. 00:59 - Source: CNN Former Ukrainian FM explains what Putin's 'land swap' proposal means Former Ukrainian Foreign Minister Dmytro Kuleba spoke with CNN's Christiane Amanpour about Russian President Vladimir Putin's proposed "land swap" with Ukraine ahead of the summit in Alaska between President Donald Trump and the Russian leader. 02:00 - Source: CNN Putin praises Trump for 'sincere' efforts to end war Russian President Vladimir Putin praised the Trump administration's 'energetic and sincere' efforts to stop the war in Ukraine and hinted that Moscow and Washington could strike a deal on nuclear arms control during their summit on Friday in Alaska. 01:37 - Source: CNN Russia and Ukraine exchange prisoners before Trump-Putin meeting 84 Ukrainian prisoners and 84 Russian servicemen were exchanged on Thursday, ahead of Russian President Vladimir Putin's meeting with President Donald Trump in Alaska. The exchange, mediated by the United Arab Emirates, included Ukrainian POWs held captive since 2014, according to Ukrainian officials. 01:26 - Source: CNN Zelensky arrives in Berlin ahead of Trump-Putin summit Ukrainian President Volodymyr Zelensky is in Berlin for high-level talks with European leaders and President Trump, just days before Trump's face-to-face meeting with Russian President Vladimir Putin in Alaska. The virtual meeting is seen as a strategic move to shape Trump's stance ahead of the historic sit-down. 00:36 - Source: CNN Heavy rain shuts down airport in Mexico City Heavy rain on Sunday caused flooding and traffic disruptions in several areas of Mexico City. The rain forced suspension of activities at the Benito Juárez International Airport in Mexico City for the second time in a row on Tuesday, airport officials reported. 00:35 - Source: CNN Gaza's journalists who never quit Journalists in Gaza have continued reporting under extraordinary conditions—amid danger, displacement, hunger, and personal loss. With international media barred from entering, their work has been the world's only window into the war. Anas Al-Sharif, with Al Jazeera, was among those killed in a recent targeted attack. CNN Producer Abeer Salman reflects on the risks these journalists have taken and the stories they've reported on for the world to see. 02:30 - Source: CNN Can hockey help heal US-Russia relations? Ahead of Presidents Trump and Putin meeting in Alaska this week, Russian hockey stars tell CNN's Fred Pleitgen they hope sport could help bring the two nations -- and people -- closer. 01:38 - Source: CNN Journalists killed in targeted Israeli strike on Gaza Al Jazeera correspondent Anas Al-Sharif was killed in a targeted strike in Gaza on Sunday alongside multiple other journalists. The Israeli military accused Al-Sharif of leading a Hamas cell, an allegation Al-Sharif had previously denied. 01:50 - Source: CNN Australia will recognize Palestine in September Australian Prime Minister Anthony Albanese announced on Monday that Australia will recognize a Palestinian state at the General Assembly of the United Nations in September. Australia joins the UK, France and Canada in announcing plans to recognize a Palestinian state. The move leaves the US increasingly isolated from some of its closest allies in its defense of Israel's escalating military campaign that's decimated the besieged enclave after almost two years of war. 00:29 - Source: CNN Wildfires rage across Europe amid heatwaves Wildfires have been raging across Europe over the past few days, with several countries, such as Italy and Spain, experiencing severe heatwaves. 00:48 - Source: CNN Gazan boy struck and killed by falling aid A 14-year-old boy was killed by an airdropped aid package in Gaza on Saturday, according to Al-Awda hospital. The UN has warned that airdrops of aid are ineffective, expensive and dangerous in heavily populated areas. 01:30 - Source: CNN Hundreds arrested at Palestine Action protest In the UK, hundreds have been arrested by London police for protesting the British government's decision to ban the group Palestine Action under anti-terrorism laws. The group, which opposes weapons sales to Israel, is challenging the ban. Earlier, police had cautioned they would arrest anyone showing support for the proscribed group. CNN's Isobel Yeung reports. 01:26 - Source: CNN Ukrainians in Kyiv react to Trump-Putin meeting in Alaska As US President Donald Trump and Russian President Vladimir Putin prepare to meet in Alaska to discuss a potential end to the war in Ukraine, residents in Kyiv told CNN how they felt about the meeting that, so far, excludes Ukrainian President Volodymyr Zelensky. 00:43 - Source: CNN Israelis protest Netanyahu's Gaza policies CNN's Matthew Chance is in Tel Aviv, where thousands of protesters are gathering to call on the Israeli government to end the war in Gaza 01:49 - Source: CNN Inside a military raid deep in Ecuador's gang territory CNN follows a military raid in Duran, Ecuador as they go door to door deep inside gang territory. Senior National Correspondent David Culver is with the authorities as they seize drugs, uncover explosive devices, and make a gruesome discovery. Watch 'Ecuador: The Narco Superhighway' on 'The Whole Story with Anderson Cooper' Sunday August 10 at 9pm ET on CNN. 01:55 - Source: CNN Ukrainians in Kyiv react to Trump-Putin meeting in Alaska As US President Donald Trump and Russian President Vladimir Putin prepare to meet in Alaska to discuss a potential end to the war in Ukraine, residents in Kyiv told CNN how they felt about the meeting that, so far, excludes Ukrainian President Volodymyr Zelensky. 00:43 - Source: CNN Analysis: Why Alaska signals a slow defeat for Ukraine President Donald Trump said he'll be meeting with Russian President Vladimir Putin in Alaska to discuss a potential peace deal to end the war in Ukraine that could include 'some swapping of territories.' But as CNN's Nick Paton Walsh explains, the conditions around Friday's summit so wildly favor Moscow, it's hard to see how a deal emerges that does not eviscerate Ukraine. 01:18 - Source: CNN Zelensky rejects territorial concession with Russia Ukraine's President Volodymyr Zelensky said in a video address after President Trump's announcement to meet with Russian President Vladimir Putin that Ukraine is "ready to work together with President Trump," but quashed the idea of any territory concessions. 01:22 - Source: CNN Israel 'brutally determined' to capture Gaza in new escalation plan Prime Minister Benjamin Netanyahu's military escalation in Gaza, which he claims will capture the city and eliminate Hamas, brings doubtful Israeli citizens to the streets in protest. Palestinians in Gaza scramble for safety and brace for impact as the war intensifies. 02:33 - Source: CNN Balcony collapses in Gaza under weight of crowd scrambling for aid As Palestinians rushed toward an aid package airdropped in Gaza City, a balcony collapsed under the weight of the crowd. It is not clear how many people were injured in this incident. 00:41 - Source: CNN Palestinians and Israelis react to plan to take over Gaza City Israel's security cabinet has approved a plan to take over Gaza City. The deadline for the first phase of the offensive is October 7, according to an Israeli source. Hear how Israelis and Palestinians have reacted to Prime Minister Benjamin Netanyahu's plans for occupation. 01:52 - Source: CNN
Yahoo
an hour ago
- Yahoo
Alibaba to Exit Indian Food Delivery Company Eternal with $613M Stake Sale
Alibaba Group Holding Limited (NYSE:BABA) is one of the best high-volume stocks to invest in. On August 6, it was reported that China's Alibaba Group would be selling its entire stake in the Indian company Eternal through a block deal. According to a CNBC-Awaaz report, the deal is valued at 53.75 billion Indian rupees, which is ~$613 million. The block deal involves Alibaba's unit, called Antfin Singapore, which held a 2.08% stake in Eternal as of the end of June this year. An e-commerce platform displaying a wide range of products to customers online. The company will offload this entire stake at a floor price of 285 rupees per share, which represents a 4.6% discount to Eternal's closing price on August 6. Eternal is the parent company of the food delivery service Zomato and the quick commerce arm Blinkit. Neither Antfin nor Eternal has responded to requests for comment from Reuters. Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses engage with their users and customers in the People's Republic of China and internationally. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
