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A Seize spokesperson has confirmed that Nguyen Thai Hai Van, the nation managing director for Vietnam, has stepped all the way down to pursue “a brand new profession alternative”.
The superapp didn’t disclose who will take over the position.
Van joined Seize Vietnam in November 2019 and was promoted to the place of nation supervisor in February 2020, changing into the primary feminine managing director of Seize in Vietnam. Her predecessor Jerry Lim moved again to Singapore to tackle the position as regional head of buyer expertise.
The information of Van’s departure from Seize was first reported by TechinAsia late on Friday.
Seize entered Vietnam by means of its acquisition of Uber’s enterprise in Southeast Asia, offering ride-hailing providers. Since then, a number of native e-hailing startups have come and gone, leaving Gojek and Seize to compete for dominance within the Vietnam market. In 2020, market advisory agency ABI Analysis had mentioned Seize garnered a 74.6% market share within the nation.
Within the meals and supply enterprise, Seize’s rivals embody Sea Ltd’s ShopeeFood, GoFood, Baemin, Tiki, and Loship. In the meantime, in funds, different main names are MoMo, VNPAY, ZaloPay and ViettelPay.
Seize was listed on the Nasdaq final December by means of a de-SPAC transaction with Altimeter Development Corp, at a $40 billion valuation. Nonetheless, the corporate’s market cap has plunged steeply to under $12 billion since then.
The corporate noticed its web losses widen to $1.1 billion in This fall 2021, from $635 million in the identical interval of 2020.
Seize mentioned it anticipated incentive prices to additional rise because it hoped to attract drivers again to its ride-hailing enterprise and keep its market share.
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