Grab Co-Founders Anthony Tan and Hooi Ling Tan on 'Bloomberg Studio 1.0'
ฝัง
- เผยแพร่เมื่อ 12 มิ.ย. 2024
- Aug.15 -- Bloomberg Technology's Emily Chang speaks to Grab Co-Founders Anthony Tan and Hooi Ling Tan about the Southeast Asian ride-hailing business on the latest episode of "Bloomberg Studio 1.0." In the exclusive conversation, they tell us how the company partnered with Uber, adding Dara Khosrowshahi to their board, and how they have their sights set on becoming a super-app.
It looks like an interview for a couple who are Married for 15 years
lots of eye contact ;)
Hooi Ling is Anthony's sister in law.
Anthony looks like the founder of Baidu, Robin Li, and Hooi Ling looks like Jack Ma. @@
Utube
@@aertybhujm1 yes
Why do they make it seem like they had tough upbringings. Anthony Tan was born with a western first name (tells you a lot) and had the prestige of being from a wealthy family that owned a country brand automaker. He undoubtedly had massive access to benefits that no normal person would ever have, and was able to study at Uchicago as an international student. Then he gets to work at his fathers company. Hooi Ling Tan says she's from a middle class family - no she's upperclass. Her father is an engineer and her mother is working as an investment banker - both parents are working professionals with high salaries. She is able to study in the UK paying upfront $25k a year to study there just in tuition alone. She gets a job at McKinsey and is able to live at home - meaning her house was expensive since it was so close to the central McKinsey office. They worked incredibly hard and deserve to have their success at Grab, but they should just be upfront and say that they had every advantage going for them.
so true
I don't know if it is a Malaysian thing
the usual covert capitalist rags to riches lie..copied from US propaganda
@Ali. Chinese usually are quite private and not boastful especially the rich ones. It's just a different cultural behaviour. I do not see them painting any pitiful background to deceive the viewers.
How unfair life is !
"whatever our competitor says, it doesn't matter, its noise" LOVE THAT RESPONSE. A true connoisseur.
These guys's demeanor amazed me, they are far sighted, pragmatic, well composed, matured in thinking, have sense of humour.
Super proud of these 2 Malaysian.
So proud of these two Malaysians and a Malaysia originated company !
Don't you love seeing these two working together-equally to serve South-East Asians. Grab has an amazing journey so far and they're going to have exciting journey to come with the super apps vision.
These two are from very privileged family. Just want to point that out. Very proud of Grab!
I am a grab driver in Malaysia. I'm really sad they don't mention about driver safety and our welfare . At least appreciate us.
Agree. Same with uber and lyft, drivers make $$ for them but work and hardest and get less. Maybe drivers can unionize and demand more benefits with less hours. Little guys need more caring and respects. Grab is just a middleman taking big cuts I assume after providing the apps with one time investment, kind of like building cellular towers and air is free after that, thus the rest is gravy money.
Bro, I'm liaising with the Malaysian government to take care of drivers. I will find a way. I'm a user as well as driver. I will fight against these assholes until i die, because drivers have died on their platform and their children and family members have died because of Grab. I will finish my mission.
Chinese never give a shit abt ppl, only their wallets
Grabcar driver now as a slave, works hard but no or receives very very small income. You have to pay all profit for Grab with the name App fee. And you have nothing?
Same thing in Indonesia, usually we sealed their office when they won't listen our aspiration.
She looks like Jack Ma very much.
She is Jack Ma in a Trump mask.
Jack ma's sister
She is JILL MA
omg must be jacks sister from different mother.
Oh.. she must be a member of CCP, opss DAP..
Basically a platform that takes commission from every services and brand it as grab.
In exchanges for services and convenience… how awesome-
After taking over Uber, prices have doubled. Sometimes it’s even more expensive than local taxis using meters.
From the comments I can see many unhappy drivers, Anthony yes customer is important but remember your driver's who work more than 12hours a day to sustain your Grab company...just treat them fairly and don't just listen to one side the passenger stories or complaint and set a deadly penalties to your drivers
Betul itu saya setuju dengan anda Daniel Solomon. Banyak driver bekerja lebih dari 12 jam untuk mencapai target. Kadang perlakuan konsumen juga sering merugikan. Saya termasuk salah satu driver grab di Indonesia.
Im Malaysian and I think Grab has betrayed its founding principles to offer quality services at an affordable price. Today Grab drivers and passengers are protesting the lack of service offered but the rise is charges for the Grab pricing mechanism. Probably the reason why the Malaysia government has approved other ride hailing services and GoJek in Malaysia. GoJek is an Indonesian ride hailing service that has expanded to Singapore and Thailand and soon to enter Malaysian shores.
And... i commented the same as you did. That's what exactly Grab is grabbing about with our balls.
i don't get the complaints in the comments saying the drivers are drained with working with grab. Isn't grab gives you an option to go on/off revenue?
@@user-gb2sw2no3l It is very expensive now since last month.
Unlike the other start-ups in Asia, Grab doesnt want to raise capital via the stock market as they want to keep the business within the family. Therefore, they raise money through loans from Softbank, Toyota and Hyundai, among a few. This is unlike the other companies who are willing to give up some of their equity for a better management philosophy in the industry. So the reason Grab doesnt want to expand beyond South East Asia is because they cant raise enough through loans to enable them to pay back later. As of now, Grab has far more loans than revenue, so they are in a somewhat precarious position if they move too fast.
Middle men for sure. Looking for offloading competitors and sucking those conglomerate's d*cks
@@goldbrodidoggo How go public benefit grab in the long term - or they lose more control of the company?
Sounds very right. Thank you for pointing out
Nothing beat raising large capital through listing on the Stock Exchange. If it fail they just pull out leaving both drivers n consumers in the lurch who had become so attached to app
Grab started as brand name of myteksi, after 2 years they switch to name grab in Singapore & Malaysia.
1 piece of advice, Grab will die a political death if the current ownership structure is not ‘adapted’ to take care of vested interest. My advice, learn from AirAsia.
Two strong individuals with strong goals, vision, strength and perseverance. A true Power couple!
They are not a couple. Good biz partners.
Great serving people mentality and healthy mindset.
Talk is great i wonder how much u paid for the script..
it's great to see another very successful young Malaysian company, although, like Air Asia, the concept and approach are borrowed. I hope to see one day a truly locally innovated business someday
Grab is very much a borrowed concept. However Air Asia concept is more local as Tony Fernandez has taken the concept of Southwest, RyanAir and Easy Jet and localized it to Malaysian and Asian needs.
Tony Fernandes great down-to-earth leader. Anthony Tan, who?
We
Drivers are not well paid for the many hours of sacrifice driving to make a living
Yeah. Making money at the expense of poor driver. Customers are king.... drivers are shit
does anyone hold a gun to their head, forcing them to be a driver ? i don't think so. if they're not happy, do something else. it's not complicated.
Pretty sure some of them are paid 8k SGD a month
The interview is quite cringe-worthy, It sounds so fake compared to other CEOs interviews where they actually give valuable insights n not sound scripted.
suckkkk... all seems good and true at start, but, they make a decision affect the drivers n riders ... business means for your own profit only..
Emily Chang very good report.
Tengok Emily Chang teringat scene dia interview Jian-yang
Do you know how many driver's over tiredness and past away when they drive over hours? But does grab care?
That’s part of their job and the driver should responsible for their life. There a lot of jobs outside there. A lot !
and that is....grab's fault..?
Grab dosent ask u to work until u over limit. For me grab more to earning extra money.
@@agungrantai7480 if you have never driven GRAB, dont you dare to say anything.
And if the poor ppl doesnt drive make a living and passed away, do you care to help them? Talk_is_CHEAP
So one of the co-founders came from a well established Family in the automobile Industry. We can attribute 50% of Grab's startup success from that. Shocking.
Great video.
Born brilliant !
Well done guys
Asia is proud of you
🤙🏻
It was happened at the right time right place and the right family. Nice job !
Rich family
Totally agree that we can use Tech to help people & for the benefit of good! Jia you Anthony & Ling!
With almost 2B in sales for 2018 for Grab but it has yet to turn a profit after 7 years in business. I wonder why it is now allowable for businesses to continue to make losses and pay directors massive fees
Who else thinks that companies like Grab are controlled by a few companies like SoftBank, etc. and that they sound like they are reading from a script?
I read about scammer cases increase. After grab took over Uber. The apps would ask permission from users of both side(drivers and consmmers) like getting info from our location, our gallery, our camera, our contacts everything. Deny then cannot login. How come authorities didn't investigate them? Maybe grab selling information of all users.
I worked with Grab before. Their business model strikes me as a bit shady. They market to the drivers that they can own their own businesses, but terminate drivers unilaterally at 17:25. When I worked there, they treated drivers very disrespectfully during the on-boarding process, not the founders but their subordinate staff. As seen at 17:25, the less educated drivers bear the brunt of Grab’s business decisions, to maximise profits for grab.
very inspiring thanks
Great job for all.
Why doesn’t Anthony have a Wikipedia page? Tan Hooi Ling has one 🤷🏼♂️
Luckily for his family to be his 1st investor. Like Trump .. his dad gave him a small loan of $1M
J L akakakakakakaka 😂😂😂😂 so true lol
U still need idea .
@@ken_yap if you don't like the app and their service, don't use it. nobody is forcing you.
Wrong! Trump received over $1 BBBBBillion dollars with a capital "B" from his Dad. Since the 1980s. Put $1BBBillion into the S&P 500 with that much money and you will be at least top 25 richest in the world.
@@ken_yap -- There is nothing with copying but you need to better than the one you are copying. Silicon Valley ideas are always copying one another.
please interview wiliam tanuwijaya (tokopedia)
the interviewer is the best!!!
Problems just by observing to be good at everything is not easy, unless you partner with great companies to delivery great products, reputation, and services. We always want specialized companies to handles things such as car repair, healthcare, home maintenance, telecommunication etc.
To me we need to improve Taxi drivers lives, earning and serve the people. Give to the lowest bids with automation will hurt overall economy and people. It is amazing where governments with work with grab and not investing in Taxi and other transportation.
I hope Grab stay out of Thailand at least, and our government take care and invest in Taxi as first priority.
When they are asked will Grab expand in USA and other regions, they said NO lol....They are here to make $$ and nothing will stop them here in USA neither.
On safety, they didn't answer question of Grab's liability and compensations to passenger and driver, left them pretty much on their own. As they get bigger with other services provided, it will be hard to claim and get compensations from them.
Now Listening , Andy Hui feat Jack Ma , singing Grab Me To Your Hear.
🐵🐵
Andy is not a good guy
Very expensive in the Philippines. It's good that we have Grab besides taxis, jeepneys, UV, tricycles. But Grab is to cheap. It can be more expensive than taxis. I wish Grab has a competitor just to bring the cost down a bit.
this lady doesn't just look like Jack ma but also acts like him.. Jack ma doesn't want to acknowledge he just copy pasted amazon's idea.. she is reluctant to give uber it's due credit... just trying hard to sound it's their original idea
Err Hooi Ling... u didnt learn English since Std 1 meh? And riding taxi in Msia so teruk one meh last time??? She made Msia so scary lehh
Malaysia is safe.
If she is concerned about women in Taxis, Grab should make an option for women drivers. Many times I would've loved that option when going somewhere on my own.
I have to say 'yes' to your second question. GRAB or walk home.
As I watch this in Indonesia, Grab ads is on this video.. Lol.
When Uber left Singapore Grab jacked up prices. Prices only came down when Gojek came in.
I Am Malaysian seeing these 2 I am really happy but.Tbh from this interview the way they answer is not professional.
Look so fake and scripted
You can't just say that and not support your point. Lol
Congratulation to both founder grab co, very proud of you. So wonderful....excelentplan buisness..
It can overtake Uber in Asean due to the agile and flexible way of payment system instead of rigid credit card but cash.
Cheapo rides GrabShare, USD3.00/SGD4.50 for 5km ride...Keeps pushing Personal Loans to drivers...Pushing Rental to drivers where it's fare is Unsustainable.
Fake fake fake ... 😞😟
Say what you mean & mean what you said !!!!
Walk the walk & talk the talk ...
I like grab car rides n cheaper than taxis but I don't know how to use hp so I always ask someone fohelp.
Hi please my account is banned just because I made a mistake by trying to make my passengers happy and highly comfortable with my new car. I was unable to update vehicle details coz I didn't receive insurans covernote from salesman due to public holidays Hari Merdeka Malaysia. Please let me drive again asap..
What happened to the story of: I think we should copy Uber and get a head start in Msia?
Wow, she communicates so well!
From the comments section,.People will never be satisfied. All they can do is ranting and complaining - "noise". That's the differentiating factor between you and 'them' above. Successful people think and work out a solution instead. For those ungrateful Malaysians out there, without Grab, you are still probably being squeezed out of blood by nasty taxi driver who charged you RM50 just for a 15 minutes ride in their smoke-filled vehicles.
Is grab driver that make them rich!
WHEN I SEE THIS 2 CEEBYE, I'M DAMN VERY HENG!!
Why this 2 are ceebye?
Cheebye always banned driver lor
Why lots of drivers were banned nowadays
Ever since they bought over Uber. Scammer cases outside increase. Suspect they are selling information. The government don't dare to investigate them.
Hahaha
Surely all we need in Southeast Asia is for wealthy families, oligarchs to grab all the opportunities in the new economy.
If your parent are rich all of you guy also can ! Can hv best tutor to teach then success will be easy..while other underprivileged hv to work to earn to pay the tuition fee...
Wow, such a humble guy and their beginnings.........calling drivers "uncle" :)
nah everyone call each other uncle or auntie in hawker stores. nothing special or humble about that
Hello, Uncle Sai narasimha Reddy dubbaka. How are you? How old are you? I am good. Wanna know my age, Uncle Sai? 70 this year. I also humble old man address you as UNCLE.
geez it looks like Andy Hui and Jack Ma is sitting together
dude u got it on point! thats what i thought as well!
Hahhahahahahah
To be able to put something like that together... superb
Awesome
Anthony looks worry when hearing Gojek, u can tell from his response first, but he tried to hide it. Both were doing drama to care for drivers.
No, Anthony is bumble and diplomatic in his replies
one thing we Malaysian are very good at, copy and paste, proud of them making it big :D
Grab is a very good service, makes life so much easier
Mr Martin Yeah but only for the Rider 🙄
Is not GRAB service, is the driver personality. Nothing to do with GRAB.
Fake ass
Jack Ma's daughter? So similar!
Grab is treating its drivers in Singapore very badly, grabbing 30% of their take.
Singapore is even more ridiculous it did away with all the Chinese characters on the street signs and most of their older drivers couldn’t read the English names on the road signs. When they get lost and are late to pick up clients they got punished. An 80 year old woman was crying because she couldn’t find her way to pick me up, her picture profile was 30 years younger on Grab app.
Lulu Berry that is fucken good. Uber takes over 40% and sometimes %50!. I don’t know what algorithm they are following to decides those crazy rates.
Minh Do Uber algorithm, definitely.
It’s just 20%, where did you get 30%??? I drive Grab part time btw
Breezy Breezy don’t blame grab. Blame the Drivers. If they r stupid enough to work Long hours and give commission to grab. Let them be
I used to be a driver... 25%- 30% of the fares belongs to Grab.. the balance for fuel, wear n tear etc. They just provide a platform, an app... and the rest will be on the drivers.
First 3 months, there's incentives.. cash back return but later on it will be difficult for smaller towns to achieve the target.
In the beginning, they need lots of drivers,
as many as they can but now they're saturated. In reality, GRAB doesnt care about drivers, they care for passengers more than the wellbeing of the drivers.
She looks like she could be Jack Ma’s daughter.
Same spirit of entrepreneurship 👍
She is
Amazing 🙂🙂
sympathy with grab driver..
taxi should come with their apps and skip middleman. However they need to change the ways they service passengers and reduce fares.
Taxi in most countries are too expensive.
@@jamescc2010 yup, agree that
A very humble couple, without any airs. Impressive. Looks like Hooi Ling is the driver.
So Scripted. So much Bull Shhhiiiit - having face capture of if this is the "right driver" is basement containment - you need to do more. After raising BILLIONS, giving the survivor of an accident $20 dollars is a freaking JOKE. Evil. Period.
10 Billions. Not millions, according to the Forbes
I had a GRAB driver who didn't even know where the KLCC Twins Towers was.
Does any1 feel that hooi ling looks like Jack ma?
i like the way He replied when the other company address the statement to his company. Be optimist and build the sustainable bussiness
How about Grab drivers that fall asleep on the wheel? So many stories ...
His father own nissan in malaysia
Tan Chong motor
Any business in Asia enjoys cheap labor for success
Especially looks like Jack Ma or special CCP membership..
Cheap labor also means lower purchasing power. Africa has cheap labor too.
I just wanna know one thing. Does Southeast Asia have potential for growth (except for tourism industry)? Like China, “4 dragons” of Asia? I am just really curious.
South East Asia has a population of 640 million. The third most populated region in the world after South Asia and East Asia. It is also the fastest growing economic region in the world. So yes, it has potential.
As long as China didn't have to much influence in SEA. They already damaged Vietnam, Cambodia and Thailand.
Wealth begets wealth.
When you have a safety net to fall back..
Cool.
Big problem is the "middle men" in food supplies. How can you help the poor farmers?
They are middle men and passengers also. So drivers take all the heat, steam and blown engine
am not happy that uber is out in Philippines, they have nice app and services than grab
She seems to be really proud of him
in beginning , Grab 100% copy Uber apps and upgrade what uber dont have .. then they make the Grab apps more batter then Uber .. this how this Chinese working ... they just a copy and paste in beginning ...
They are not even Chinese and learn how to write lol
Wonder why Lyft didn't enter malaysia?
@@gabrielshields8636 well they're Chinese Malaysian.
@@gabrielshields8636 you are right, but also.. Everyone follow someone who has done it already, every artist has "copy" someone else.. Why? Because is a way for humans to have a guide.. In this case, Grab needs to look their competitors and learn from their mistakes and Uber was one of them (as DiDi and Ola)
@@gabrielshields8636 Thay are truly chinese .. this man his father have car company in malaysia call TAN CONG motors..
Congratulations to the success for my fellow Malaysian. Hope you guys become the Unicorn of SEA.
Just a side comment, I thinK she tried too hard on her British accent. She should just relax, some Malaysian accent wouldn’t hurt.
I still don't get why are they keep raising fund instead of IPO. Can someone enlighten me?
Cause if they start doing IPO, they may suffer the same fate as WeWork. People saw the numbers didn't add up, the value of WeWork crashed and never recovered.
So the competition gone and what the diff BTW u and monopoly.
Yes nadiem like drama...😁😁😁
The govt should scrutinized their activities closely in order to avoid another 'Hyflux' incident. First, they are not public listed so their accounts aren't transparent. Second, they are expanding too fast, now trying to get into online banking. Startup like honest bee , once looked promising, has failed after 6 years. In order to protect the interests of all stakeholders: investors, driver partners, consumers…govt should have a close watch on them
Please make it legal in Thailand sooon.
wait, they are not married????
dear anthony tan and hooi ling tan do you know how many driver die already working with you😢😢
You need to interview nadiem than them
$$$AGC baby!!!
Jackma would be proud of her
I hope they can Interview the grabcar driver then they will know the real story behind of a grabcar driver