Grab Hopes for Approval of Taiwan foodpanda Acquisition, Pledges Three Commitments
Grab's Managing Director Yee Wee Tang stated that the acquisition of foodpanda's Taiwan business is under review by the Fair Trade Commission. To secure approval, Grab has proposed three local commitments for delivery partners and merchants, with the deal expected to close in the second half of 2025.
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- 📰 Published: June 9, 2026 at 12:37
- 🔍 Collected: June 9, 2026 at 12:47 (10 min after Published)
- 🤖 AI Analyzed: June 9, 2026 at 12:48 (1 min after Collected)
(Central News Agency, reporter Zhong Rongfeng, Taipei, 9th) Yee Wee Tang, Managing Director of Southeast Asian ride-hailing and delivery giant Grab Group, stated today that the application to acquire foodpanda's Taiwan business is under review by government authorities. Grab fully respects the relevant procedures and, if approved, will comply with Taiwan's laws and regulatory requirements.
Grab previously announced the acquisition of foodpanda's Taiwan business for approximately US$600 million (approximately NT$19.3 billion). On March 27, Grab submitted the acquisition application to the Fair Trade Commission. If the FTC approves the review, Grab expects to complete the transaction in the second half of this year.
Grab held a meeting with Taiwanese media this morning, its first press conference in Taipei. Yee Wee Tang explained that Grab looks forward to cooperating and dialoguing with regulators and unions to understand the needs of delivery partners and jointly maintain a gig economy model that balances flexibility and income opportunities. Grab has also commissioned an independent cybersecurity consultant in Taiwan to review its operational processes, ensuring compliance with data protection and cybersecurity regulations.
Yee Wee Tang stated that if Grab receives government permission to operate in Taiwan, it will propose three local commitments for its delivery partners: Stable Income, Stable Empowerment, and Safety First, to support income stability and provide safe and efficient working conditions.
Regarding Stable Income, Yee Wee Tang said Grab promises to maintain the income stability of foodpanda Taiwan's delivery partners during the transition period. For Stable Empowerment, delivery partners will use smart tools to work efficiently and increase income, including reducing wait times and enabling stable weekly income withdrawals without requiring a deposit to accept orders.
For the Safety First plan, Grab noted it can provide a reward mechanism based on the number of completed orders rather than delivery speed. The app will have built-in features to remind partners to rest and drive safely. Additionally, orders that are too large or heavy will be automatically split for delivery by multiple riders, with no extra cost to consumers.
For partner merchants, Yee Wee Tang stated that Grab promises three commitments: Stable Operations, Stable Empowerment, and Market Expansion. During the transition period, merchant operations will remain stable. Merchants will have tools to manage their online business, including an AI smart assistant and self-management features. Merchants will also have the opportunity to expand into overseas markets and reach new customer groups.
According to data, Grab was founded in Kuala Lumpur, Malaysia in 2012. It operates in eight Southeast Asian countries—Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam—across over 900 cities, serving more than 52 million users monthly. This means one in every 15 people in Southeast Asia uses Grab each month.
Grab stated that through its platform in 2025, its delivery partners and merchant partners have earned US$15.3 billion in income, and over 856,000 micro, small, and medium enterprises operate on the platform. (Editor: Lin Shuyuan)
Grab previously announced the acquisition of foodpanda's Taiwan business for approximately US$600 million (approximately NT$19.3 billion). On March 27, Grab submitted the acquisition application to the Fair Trade Commission. If the FTC approves the review, Grab expects to complete the transaction in the second half of this year.
Grab held a meeting with Taiwanese media this morning, its first press conference in Taipei. Yee Wee Tang explained that Grab looks forward to cooperating and dialoguing with regulators and unions to understand the needs of delivery partners and jointly maintain a gig economy model that balances flexibility and income opportunities. Grab has also commissioned an independent cybersecurity consultant in Taiwan to review its operational processes, ensuring compliance with data protection and cybersecurity regulations.
Yee Wee Tang stated that if Grab receives government permission to operate in Taiwan, it will propose three local commitments for its delivery partners: Stable Income, Stable Empowerment, and Safety First, to support income stability and provide safe and efficient working conditions.
Regarding Stable Income, Yee Wee Tang said Grab promises to maintain the income stability of foodpanda Taiwan's delivery partners during the transition period. For Stable Empowerment, delivery partners will use smart tools to work efficiently and increase income, including reducing wait times and enabling stable weekly income withdrawals without requiring a deposit to accept orders.
For the Safety First plan, Grab noted it can provide a reward mechanism based on the number of completed orders rather than delivery speed. The app will have built-in features to remind partners to rest and drive safely. Additionally, orders that are too large or heavy will be automatically split for delivery by multiple riders, with no extra cost to consumers.
For partner merchants, Yee Wee Tang stated that Grab promises three commitments: Stable Operations, Stable Empowerment, and Market Expansion. During the transition period, merchant operations will remain stable. Merchants will have tools to manage their online business, including an AI smart assistant and self-management features. Merchants will also have the opportunity to expand into overseas markets and reach new customer groups.
According to data, Grab was founded in Kuala Lumpur, Malaysia in 2012. It operates in eight Southeast Asian countries—Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam—across over 900 cities, serving more than 52 million users monthly. This means one in every 15 people in Southeast Asia uses Grab each month.
Grab stated that through its platform in 2025, its delivery partners and merchant partners have earned US$15.3 billion in income, and over 856,000 micro, small, and medium enterprises operate on the platform. (Editor: Lin Shuyuan)
FAQ
Why does Grab want to acquire foodpanda Taiwan?
To fully enter the Taiwanese food delivery market and compete with Uber Eats.
When is the Grab acquisition expected to be completed?
After FTC approval, it is expected to be completed in the second half of 2025.
What are Grab's three major commitments?
For delivery partners: Stable Income, Stable Empowerment, Safety First. For merchants: Stable Operations, Stable Empowerment, Market Expansion.