Ryde Strengthens Driver-Partner Retention Strategy with Singapore National Day Initiative
SINGAPORE, SG / ACCESS Newswire / August 6, 2025 / Ryde Group Ltd (NYSE American: RYDE) ('Ryde'' or the 'Company'), a leading platform for mobility and quick commerce, announced the successful completion of its Singapore National Day driver engagement initiative, part of the Company's strategic focus on driver retention and platform differentiation in Singapore's highly competitive mobility market.
This initiative, celebrating Singapore's 60th independence anniversary and the vital role played by driver-partners in building a more connected and inclusive Singapore, demonstrates Ryde's data-driven approach to driver loyalty-a critical factor for sustainable growth and competitive positioning in the mobility sector. With over 600 driver-partners invited to collect limited-edition black National Day T-shirts and Ryde decals through a convenient drive-by pick-up point on Victoria Street, the program reinforces Ryde's strategy to differentiate through superior driver experience and community engagement.
Driver-partners appreciated the convenience of the setup, which allowed them to collect their commemorative items without disrupting their daily schedules-a testament to Ryde's understanding of their operational needs.
'This National Day initiative represents more than celebration-it's a strategic investment in our most valuable asset: our driver-partner network,' said Suraj Raj, Senior Manager, Group Corporate Communications & Branding of Ryde Group. 'With strong driver participation rates, we are continuing to see direct correlation between community investment and key business metrics. This strategic approach to driver-partner relations positions us for sustainable growth in Singapore and beyond.'
Strategic Driver-Partner Retention Drives Competitive Advantage
The National Day event is part of Ryde's broader strategy to actively engage and empower its driver-partner community. It follows a series of successful initiatives including the Annual CNY Lunch, the #RydeHongbao red packet giveaway, and the #MakanWithRyde food drive-all of which aim to foster stronger bonds, uplift morale, and build long-term loyalty.
This comprehensive approach to community building sets Ryde apart in Singapore's competitive ride-hailing landscape. While other platforms focus primarily on transactional relationships, Ryde invests in creating meaningful connections that extend beyond daily operations. The company's consistent year-round engagement strategy has resulted in higher driver retention rates and increased platform advocacy among its driver-partner community.
Ms. Siti, a veteran Ryde driver-partner, shared her enthusiasm: 'This SG60 celebration is more than just a giveaway-it's about recognition, inclusion, and pride. Ryde continues to show they value us not just as service providers, but as part of something bigger. Wearing this National Day shirt makes me proud to represent both Singapore and Ryde.'
Another driver-partner, Mr. Ismail, expressed his appreciation: 'After driving for many platforms, Ryde truly stands out. This SG60 event shows they remember us during important national moments. It makes me feel valued and part of the Singapore story.'
Zero-Commission Model Creates Sustainable Competitive Moat
Central to Ryde's driver-partner retention strategy is its industry-leading 0% commission model, which allows driver-partners to retain most of their earnings. This structural advantage creates a significant competitive moat in Singapore where major competitors extract over 20% commissions, directly impacting driver-partners' take-home earnings.
The zero-commission approach, combined with community engagement initiatives, generates a 'dual-value proposition' that addresses both financial and psychological driver-partner needs. This model has proven particularly effective in attracting high-quality, professional drivers who value transparent compensation structures and community recognition.
Our focus is on building sustainable competitive advantages through driver-centric policies that prioritize long-term retention over short-term acquisition metrics.
ESG Commitment and Sustainable Development
Ryde's community-focused efforts also contribute to broader Environmental, Social, and Governance (ESG) goals, aligning with key UN Sustainable Development Goals (SDGs):
Growth Strategy and Market Expansion Outlook
As Singapore marks 60 years of independence, Ryde continues to renew its commitment to building a more equitable, community-driven platform-one where driver-partners are heard, respected, and empowered to thrive alongside the nation's continued growth.
Moving forward, Ryde plans to introduce additional community engagement initiatives that celebrate both local culture and driver-partner contributions. The company remains committed to its vision of creating a mobility ecosystem where technology serves humanity, communities are strengthened, and every stakeholder-from driver-partners to riders-benefits from a more connected Singapore.
As competition for quality driver-partners intensifies across Southeast Asian mobility markets, retention-focused strategies become increasingly valuable for maintaining competitive positioning and achieving sustainable profitability targets. Ryde's community-first approach offers particular advantages in culturally diverse markets where local engagement and brand trust significantly impact adoption rates.
To learn more about Ryde's ongoing driver-partner-focused initiatives, visit www.rydesharing.com.
About Ryde Group Ltd
Ryde, a homegrown super mobility app founded in Singapore, is the world's FIRST on-demand carpooling app since 2014! As a publicly listed company on the NYSE American, we are reimagining the way people and goods move around. We offer a full suite of services, including carpooling, private hire, taxi, and delivery, but what truly sets us apart is our commitment to empower our private-hire and taxi partners. We take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/ to learn more.
Contacts
For Media Relations:
Media Team
Ryde Group Ltd
Email: [email protected]
For Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: [email protected]
FORWARD-LOOKING STATEMENTS
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors . Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Ryde Group
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business of Fashion
10 minutes ago
- Business of Fashion
Shopee-Owner Sea Sales Top Estimates as Online Shoppers Keep Spending
Sea Ltd. second-quarter sales beat analysts' estimates as more of Southeast Asia's consumers turn to online shopping for anything from iPhones to daily groceries. The stock climbed 8 percent in pre-market trading after Sea said revenue rose 38 percent to a record $5.26 billion in the three months through June. Analysts estimated $5 billion on average. Net income jumped to $414.2 million from $79.9 million a year earlier, but fell short of the $444 million analysts predicted. The results assuage some concerns about the prospects of e-commerce arm Shopee. The region's top online retail platform is battling deep-pocketed global challengers including ByteDance Ltd.'s TikTok Shop and Alibaba Group Holding Ltd.'s Lazada. Emerging players like Shein and PDD Holding Inc.'s Temu are also eyeing to break into the emerging region of 675 million people where more and more shoppers are coming online. To boost its bottom line, Shopee has been steadily raising the commissions it charges merchants in various core markets by about a third since the start of last year. The hikes, which bring Shopee's fees above its rivals, show that Sea is confident it can attract and retain merchants, helped by a broad user base and well-established delivery services. Shopee's second-quarter revenue rose 34 percent to $3.8 billion, helped by surging commissions and ad revenue. Sea is also betting on new initiatives from digital finance to logistics to grow its dominance and convince investors of its growth potential. Its logistics arm SPX Express now handles the majority of Shopee's billions of parcels annually, while its finance arm — now known as Monee — increased sales 70 percent last quarter to $882.8 million. Bookings at gaming division Garena rose 23 percent. 'In the past, cash flow from Sea's gaming arm Garena was used to grow Shopee and Monee, but now Shopee and Monee are in healthier capital positions,' Hussaini Saifee, an analyst at Maybank Securities, said before the results. 'Sea can now invest in further developing Garena which has also made a strong rebound over the last year and a half.' What Bloomberg Intelligence Says Competitive pressure remains a risk as Shopee's average monthly active users (MAUs) in 2Q25 were flat sequentially in Southeast Asia vs. 55 percent growth for Temu and 5 percent for TikTok, SensorTower data show. In Brazil, Shopee's MAUs rose 4.6 percent, MercadoLibre's 5 percent, and Temu's 35 percent. Temu's MAU growth stems from a low base, with MAU at 6 percent of Shopee's in Southeast Asia and 13 percent in Brazil as of June. By Olivia Poh and Benicia Tan Learn more: Southeast Asia's E-Commerce Leader Fends Off TikTok Singapore-based Sea boosted its sales forecast for its online retailing arm, Shopee, as it battles fierce competition from TikTok and Lazada.
Yahoo
3 hours ago
- Yahoo
China slaps temporary duties on Canadian canola
By Ella Cao, Lewis Jackson and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China on Tuesday announced preliminary anti-dumping duties on Canadian canola imports, a fresh escalation in the year-long trade dispute that began with Ottawa's imposition of tariffs on Chinese electric vehicle imports last August. The provisional rate will be set at 75.8%, effective from Thursday, the Ministry of Commerce said in a statement. ICE November canola futures fell 4% to a three-month low after the announcement. China, the world's largest importer of canola - also known as rapeseed - sources nearly all of its supplies of the product from Canada. The steep duties would likely all but end imports if they are maintained. "This is huge. Who will pay a 75% deposit to bring Canadian canola to China? It is like telling Canada that we don't need your canola, thank you very much," said one Singapore-based oilseed trader. China's Ministry of Commerce said on Tuesday an anti-dumping probe launched in September 2024 had found Canada's agricultural sector and particularly the canola industry had benefited from "substantial" government subsidies and preferential policies. China has until September, when the investigation formally ends, to make a final decision on the duties, though it has the option of extending that deadline by six months. A final ruling could result in a different rate, or overturn Tuesday's decision. The decision marks a shift from the conciliatory tone struck in June when China's Premier Li Qiang said there were no deep-seated conflicts of interest between the countries during a phone call with Canadian Prime Minister Mark Carney. "This move... will put additional pressure on Canada's government to sort through trade frictions with China," said Trivium China agriculture analyst Even Rogers Pay. The Canadian embassy in Beijing did not respond to Reuters' request for comment. Separately, China also launched an anti-dumping investigation into Canadian pea starch and imposed provisional duties on imports of halogenated butyl rubber, according to ministry statements. NO EASY REPLACEMENT Replacing millions of tons of Canadian canola is likely to be difficult at short notice, say analysts. China primarily uses imported canola to make animal feed for its aquaculture sector. A separate duty on Canadian canola meal imports in March has already put these supplies at risk. The move provides an opportunity for Australia, which looks set to regain access to the Chinese market with a few test cargoes this year after a years-long freeze in the trade, Pay said. Australia, the second-largest canola exporter, has been shut out of the Chinese market since 2020 due mainly to Chinese rules to stop the spread of fungal plant disease. However, even if Australian imports increase, "fully replacing Canadian canola will be very difficult unless import demand drops sharply," said Donatas Jankauskas, an analyst with commodity data firm CM Navigator. ($1 = 1.3789 Canadian dollars) 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
Yahoo
3 hours ago
- Yahoo
Wood Mackenzie launches Prospect Valuation and AI-powered Analogues to unlock advantaged oil and gas resources
Wood Mackenzie launches Prospect Valuation and AI-powered Analogues to unlock advantaged oil and gas resources New capabilities help Upstream companies optimise investments in an evolving energy landscape LONDON/HOUSTON/SINGAPORE, 12 August 2025 – Wood Mackenzie to unveil two additions to its Lens Subsurface platform at IMAGE 2025, delivering Prospect Valuation and AI-powered Analogues. The new tools will enable companies to focus Upstream investment on advantaged resources, those with the most robust economics and lowest carbon footprints. Oil and gas will play a key role in the world's energy mix for decades to come. "To meet expected demand beyond proven supply from onstream fields, the Upstream industry faces mounting pressure to provision advantaged supply to market whilst maintaining capital discipline and reducing emissions" said Andrew Latham, Senior Vice President of Energy Research at Wood Mackenzie. 'The new tools we have developed will enable companies to build and maintain profitable and sustainable portfolios for the Energy Transition'. The Analogues tool deploys Wood Mackenzie's latest Synoptic AI capabilities to efficiently provide actionable outputs leveraging the company's industry-leading Upstream data. By focusing on the technical and commercial metrics that matter, the AI-driven identification and scoring of analogues is quick, flexible and accurate. By placing AI in the driver's seat, user bias is eliminated. Outputs are guided by a holistic view of field attributes, enabling more accurate validation of investment assumptions using appropriate field analogues. The Prospect Valuation tool allows customers to evaluate the commercial worth of prospects scheduled for drilling by leveraging Wood Mackenzie's market-leading valuation capabilities. Companies can manage their prospect inventories more effectively, benchmark competitors and undertake market screening. Both tools uniquely integrate technical and commercial data and analysis, providing the interconnected insights required for intelligent decision-making to lock in long-term value in an evolving energy landscape. "As supply pressure mounts, and capital discipline remains a strategic imperative, these new tools represent a fundamental shift in how Upstream companies can approach portfolio optimisation" said Craig McMahon, Senior Vice President and Head of Upstream Research at Wood Mackenzie. "By combining our technical expertise with cutting-edge artificial intelligence and our industry leading commercial analysis capability, we're enabling companies to make more informed decisions about where to focus their capital and resources in an increasingly competitive market." The tools are available immediately through the Lens Subsurface platform, with further enhancements planned for Q4 2025 and beyond. Wood Mackenzie at IMAGE 2025 IMAGE 2025, the world's premier geoscience and energy event bringing together over 7,800 professionals, 260+ exhibitors, and 1,100+ technical presentations from 25-28 August 2025 in Houston, Texas. As part of the IMAGE conference, Wood Mackenzie is excited to be hosting senior industry and finance leaders to debate the upstream sector's big strategic opportunities and challenges. Find us at stand 1800 to attend our presentations and demo of our new Lens Subsurface solution. It will also give you the opportunity to ask your key industry questions directly to our experts such as Andrew Latham, Senior Vice President, Energy Research and Steve Chappell, Vice President, Head of Subsurface Research. ENDS For further information please contact Wood Mackenzie's media relations team: Mark Thomton+1 630 881 6885 Hla Myat Mon+65 8533 8860 Chris Boba+44 7408 The Big Partnership (UK PR agency)woodmac@ You have received this news release from Wood Mackenzie because of the details we hold about you. If the information we have is incorrect you can either provide your updated preferences by contacting our media relations team. If you do not wish to receive this type of email in the future, please reply with 'unsubscribe' in the subject header. About Wood Mackenzie Wood Mackenzie is the global insight business for renewables, energy and natural resources. Driven by data. Powered by people. In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That's why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years' experience in natural resources. Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers' decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most. For more information, visit 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
