KUALA LUMPUR, Aug 18 ― AirAsia’s digital logistics venture Teleport has signed an agreement to acquire 100 per cent equity interest in local online food delivery platform Delivereat for US$9.8 million to strengthen its delivery service in the country.
He said the exercise would provide an opportunity for Teleport to grow its unique logistics ecosystem alongside Delivereat, which has carefully developed an extensive and cost-competitive delivery network over the last nine years. Teleport wants to do this as quickly as possible, starting with all major cities in Malaysia and then across Asean, he revealed.
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