Recode Decode: Grab co-founder Hooi Ling Tan

Decoder with Nilay Patel

Vox Media Podcast Network

Business, Technology

4.2 • 3.4K Ratings

🗓️ 1 August 2018

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hooi Ling Tan, the co-founder of southeast Asian ride-hailing company Grab, talks with Recode's Kara Swisher at the 2018 Rise conference in Hong Kong. Tan says Grab is opening up a platform for more services beyond ride-hailing because it wants to address not just transportation needs, but every worry its customers may have, including groceries and payments. She also talks about how the company is working with 27 percent-shareholder Uber and its newest board member, Toyota, which in June invested $1 billion into Grab. Plus: Tan explains why the company doesn't have to worry about diversity. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Thanks to Zip Recuder, which is the presenting sponsor of RICO DECODE and the smartest way to hire.
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0:36.0	Today's show is also brought to you by GO CD, the software build and release tool from ThoughtWorks.
0:42.0	GO CD supports modern infrastructure and helps enterprise businesses get software delivered faster, safer, and more reliably.
0:49.0	Download and use GO CD for free at GOCD.org.
0:56.0	Hi, I'm Cara Swisher, the editor at large of RICO DECODE. You may know me as someone who should never, ever, ever, ever be a driver for a ride-hailing company.
1:03.0	But in my spare time, I talk tech and you're listening to RICO DECODE from the box media podcast network.
1:09.0	Today we're going to play an interview I conducted at the RISE conference in Hong Kong last month.
1:13.0	I talked to Hui Ling Tan, the co-founder of the ride-hailing company, Grab.
1:17.0	In March, the company sold more than 1.4 of itself to Uber in exchange for all of Uber's business in Southeast Asia.
1:23.0	An in June, Toyota invested $1 billion in Grab, reportedly valuing it at $10 billion.
1:29.0	So now let's take a listen to this interview recorded in front of a live audience in Hong Kong.
1:40.0	Hi everybody, good to see you.
1:42.0	I'm very excited. I always like when I interview entrepreneurs and I especially love to interview entrepreneurial women and incredibly smart ones like yourself.
1:51.0	So there's a lot to talk about. Let's begin talking about the recent announcements you made.
1:56.0	Then let's get into some more deeper issues around where transport is going and all the various trends.
2:01.0	Perfect. So Cara is actually referring to a big announcement that we're making regionally today.
2:06.0	We're announcing a couple of things.
2:09.0	When we're transitioning from our transport to an open platform strategy, and we're also launching Grab platform today.
	...

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