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Grab Wants to Build a Tencent-Like Super-App to Rival Go-Jek

  • The car-hailing giant is inviting third-party developers
  • Anthony Tan denies accusations of monopolistic control
Bloomberg business news
Bloomberg’s Edwin Chan explains why Grab is opening its app to external developers and fellow startups.(Source: Bloomberg)
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Grab is opening its app to external developers and fellow startups, as the company that bought out Uber Technologies Inc. in Southeast Asia tries to build a WeChat-like super-app that encompasses everything from maps and payments to food delivery.

The move underscores the Singapore-based company’s newfound ambition to become an “everyday super-app” that helps millions of users carry out routine activities, Chief Executive Officer Anthony Tan said in an interview. That includes delivering groceries in partnership with regional online grocer HappyFresh, a first for the startup as it tries to emulate the success of rival Go-Jek beyond car-hailing. New services should help Grab hit a $1 billion in revenue for the first time this year, he added.