Latest news with #RydeGroup
Yahoo
3 days ago
- Business
- Yahoo
Why Is Ryde Stock Soaring Friday?
Ryde Group (NYSE:RYDE) stock gained on Friday after it announced that the NYSE American had accepted its plan to regain compliance with the exchange's continued listing standards. On May 21, 2025, NYSE American notified the Singapore-based mobility and quick commerce technology platform that it fell short of the NYSE American Company Guide, which applies to companies with less than $4 million in stockholders' equity and losses in three of the past four fiscal years. Ryde submitted its compliance plan before the June 20, 2025, August 5, 2025, NYSE American granted Ryde until November 21, 2026, to meet the requirements, with quarterly monitoring during the plan period. During this time, Ryde's Class A voting shares will remain under the "RYDE" symbol. The company said the notice does not affect its business, operations, financial position, liquidity, or SEC reporting obligations. Still, it cautioned that it cannot assure progress or guarantee it will regain compliance before the plan period ends. Ryde stock plunged over 30% year-to-date. However, it remains invested in strategic partnerships to unlock value. In July, Ryde announced entering Singapore's high-end electric mobility market with RydeLUXE 6, launched in partnership with Atoll Discovery after acquiring a 40% stake in the fleet operator. The deal gives Ryde immediate access to Atoll's GAC E9 luxury PHEV fleet and corporate client network, strengthening its premium ride-hailing segment. Ryde plans to route Atoll's corporate contracts through its app, while Atoll will expand its fleet to 100 units by the end of 2026. The venture is expected to contribute up to 10% of Ryde's revenue by 2027 and supports Singapore's Green Plan 2030. Price Action: RYDE shares are trading higher by 6.25% to $0.3400 premarket at last check Friday. Photo by Piotr Swat via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Why Is Ryde Stock Soaring Friday? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
6 days ago
- Automotive
- Yahoo
Ryde Strengthens Driver-Partner Retention Strategy with Singapore National Day Initiative
Invests in driver-partner loyalty programs as key competitive differentiator in Singapore SINGAPORE, SG / / 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 DevelopmentRyde's community-focused efforts also contribute to broader Environmental, Social, and Governance (ESG) goals, aligning with key UN Sustainable Development Goals (SDGs): SDG 8 - Decent Work and Economic Growth: By recognizing and celebrating driver-partners' contributions, Ryde fosters fair and dignified work. SDG 11 - Sustainable Cities and Communities: Through inclusive and grassroots-led initiatives, Ryde strengthens community bonds and national unity. 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, 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 to learn more. Contacts For Media Relations: Media TeamRyde Group LtdEmail: media@ For Investor Relations: Investor Relations Team Ryde Group Ltd Email: investor@ 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 View the original press release on ACCESS Newswire
Associated Press
6 days ago
- Automotive
- Associated Press
Ryde Strengthens Driver-Partner Retention Strategy with Singapore National Day Initiative
Invests in driver-partner loyalty programs as key competitive differentiator in Singapore 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 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 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
Yahoo
13-07-2025
- Business
- Yahoo
Ryde Group, Tencent Cloud Partner to Enhance In-App Communications, Drive Super-App Ambitions
Ryde Group Ltd. (NYSE:RYDE) is one of the best new tech stocks with huge upside potential. On June 20, Ryde Group announced a partnership with Tencent Cloud, which is the cloud division of Tencent Holding Ltd. (OTC:TCEHY), to enhance Ryde's in-app communications in Southeast Asia by integrating Tencent's Real-Time Communication/TRTC technology and WeChat Mini Program. The move is expected to reduce operational costs, improve scalability, and strengthen user data privacy. TRTC is known for its ultra-low latency performance and carrier-grade stability, and is already powering major platforms such as PUBG, QQ, and Weixin. A fleet of buses and vans providing cost-efficient transportation services. The final goal for Ryde is to become a super-app for Southeast Asia. Ryde plans to use these new tools to expand its services beyond ride-hailing into deliveries, digital payments, and sustainability-focused mobility. Ryde Group Ltd. (NYSE:RYDE) provides mobility and quick commerce solutions in Singapore. Tencent Holding Ltd. (OTC:TCEHY) is an investment holding company that provides value-added services, marketing services, fintech, and business services in Mainland China and internationally. While we acknowledge the potential of RYDE 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
Business Insider
10-07-2025
- Business
- Business Insider
Ryde Group files $100M mixed securities shelf
16:10 EDT Ryde Group (RYDE) files $100M mixed securities shelf Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
