Singapore
Net loss narrowed 21.7% YoY to S$22.9m, while revenue grew 14.9% to S$1.2b.
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Greater China
Tencent has positioned AI as a key growth driver amid intensifying competition in China’s tech sector.
JD.com saw growth in user base and shopping frequency in the July-Sept quarter.
However, the company will not return to breakneck spending, says Forrest Li.
The company now expects Shopee to clock full-year GMV growth of 25%, up from the initial estimate of 20%.
Rest of Asia
SoftBank’s Vision Fund unit posted an investment gain of $22.7b.
India
Analysts expect the trend to accelerate with the launch of scooters built on a new platform.
Its year-ago earnings were boosted by deferred tax benefits.
However, overall sales volumes nearly halved to 52,666 units.
Grab has moved past survival mode to settle into a steady rhythm of profitability.
