Grab Expands Partnership With McDonald's Singapore
By Yifan Wang
Grab Holdings Inc. is expanding its partnership with McDonald's
Singapore to cover payment, logistics and advertising in addition
to food delivery, the latest move by the Southeast Asian tech giant
to explore growth opportunities beyond its more mature delivery and
Under the new partnership, consumers can pay with Grab's digital
wallet at McDonald's Singapore stores, as well as the restaurant
chain's app and website. Grab will also provide logistics services
to McDonald's in-house food deliveries, and the two plan to
collaborate in advertising and marketing campaigns as well, they
said in a joint statement on Monday.
The latest cooperation extends the two companies' collaboration
in food delivery since 2018.
Grab, a Singapore-based super app operator, is set to go public
on Nasdaq by merging with a special-purpose acquisition company.
The deal, expected to be completed by the year-end, has valued Grab
at nearly $40 billion, making it by far the biggest involving a
Write to Yifan Wang at email@example.com
(END) Dow Jones Newswires
November 21, 2021 23:14 ET (04:14 GMT)
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