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Grab, a Southeast Asian ride-hailing and food delivery company, has reported Q1 revenue of $3.2bn, up 28% YoY, driven by cost savings on rides and deliveries. The company's net loss narrowed to $1.1bn, from $1.7bn in the same period last year. Grab's Q1 revenue exceeded analysts' expectations, with the company citing strong demand for its services during the pandemic.

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