HONG KONG, July 3, 2023 /PRNewswire/ — Measurable AI, the largest transactional e-receipt alternative data company for emerging markets, has released its Annual Report on the ride-hailing industry across Asia and Americas. The report provides a detailed overview of the changes in market share and consumer behavior over the past four years across 11 markets: United States, Mexico, Brazil, Chile, Argentina, Colombia, Singapore, Indonesia, India, Thailand, and Vietnam. It also tracks the performance of several major regional players: Grab, Goto, Uber, Bolt, Lyft, Didi Global, and Ola Cabs.
Insights from the report are based on Measurable AI’s proprietary e-receipt panel of over 2 million users. Key metrics such as market share changes, demand and user consumption trends, and incentives and user loyalty shifts can be garnered from the data. It also provides a clear image of how the ride-hailing industry has been impacted by the pandemic.
“Ride-hailing is one of the most fiercely competitive and rapidly changing sectors due to new technologies, entrants, and trends emerging everyday,” says Charlie Sheng, co-founder of Measurable AI. “Particularly in emerging markets which are often more opaque, we are able to offer timely and actionable granular insights into this fast-growing digital sector where traditional data sources remain scarce.”
Unlike credit card or web scraping data, e-receipt data offers more granularity with a longer history for deeper analysis and understanding of the sector. Specific amounts spent for each item, promotions used to incentivize, user loyalty and retention rates, different payment methods – all such metrics can be gleaned from e-receipt data.
“Knowing the amount of promotions ride-hailing companies spent throughout the changing seasons to win user adoption and the ability to calculate user overlap and retention rates has immensely helped us understand the sector”, says an analyst from a leading asset management firm.
Previously, Measurable AI launched its flagship Asia Food Delivery Annual Report across 9 Asian markets, and has significantly broadened its coverage beyond food delivery and ride-hailing. The company now has ample coverage across e-commerce, gaming, fintech and travel sectors, with a key focus on Southeast Asia, Latin American, Middle East, Africa, and India.
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Measurable AI is the leading transactional e-receipt provider for the digital economy across the emerging markets. Through aggregating and anonymizing e-receipt data, the company provides actionable and timely insights for data-driven investors and corporations around the world.
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SOURCE Measurable AI
