Welcome to our dedicated page for RYDE GROUP news (Ticker: RYDE), a resource for investors and traders seeking the latest updates and insights on RYDE GROUP stock.
Ryde Group Ltd (RYDE), a Singapore-based innovator in integrated mobility solutions, operates a super app combining ride-hailing, carpooling, and quick commerce services. This page provides investors and industry observers with direct access to the company's official announcements and strategic developments.
Discover comprehensive updates including quarterly earnings reports, technology partnerships, and progress on sustainability initiatives like the RydeGreen EV adoption program. Our curated feed ensures timely access to press releases about service expansions, driver-partner policies, and AI-driven logistics innovations.
Key content categories include financial performance disclosures, strategic acquisitions, and updates to the company's zero-commission model for drivers. Bookmark this page to monitor Ryde's advancements in urban mobility technology and its growing influence in Southeast Asia's transportation sector.
Ryde Group Ltd (NYSE:RYDE) participated in the NTUC May Day Rally 2025 in Singapore, reaffirming its commitment to gig workers' welfare. The company, which started as the world's first real-time carpooling app in 2014, has evolved into a publicly listed super app offering ride-hailing and delivery services.
Key highlights of Ryde's worker welfare initiatives include a 0% commission policy and the "7 Driver Commitments" framework focusing on fair earnings, safety, professional development, support, flexibility, engagement, and sustainability. The company joined over 1,600 union leaders and tripartite partners at the rally, where Prime Minister Lawrence Wong delivered his first May Day address, emphasizing Singapore's tripartite model as a competitive advantage.
Ryde Group (NYSE:RYDE) has launched a Double Cashback initiative for Eid al-Fitr, offering Ryde+ subscribers an additional 3% cashback on rides paid with RydeCoins from March 17-31, 2025. This promotion doubles the usual rewards during Ramadan.
The initiative includes exclusive benefits for Ryde+ subscribers:
- Extra 3% cashback on all RydeCoin payments
- Additional $2 cashback on first 11 trips
- $5 bonus on the 16th trip
- Priority ride-matching during peak hours
- Exclusive lifestyle partner discounts
This campaign follows the success of Ryde's Supersized Cashback Christmas Challenge and represents the company's strategy to strengthen its subscription-based revenue model in Singapore's competitive ride-hailing market. Ryde+ is positioned as the only subscription program in Singapore offering unlimited cashbacks on every trip.
Ryde Group (NYSE:RYDE) has integrated Alipay into its ride-hailing platform in Singapore, enabling seamless payments for international visitors. This strategic move comes as Chinese arrivals to Singapore reached 3.08 million in 2024, representing a 126% year-on-year increase and accounting for 18.7% of all inbound arrivals.
The integration allows Alipay's 1.6 billion global users to link their accounts for instant transactions, pay in RMB with transparent pricing, and enjoy cashless rides while exploring Singapore. Initially, the service will be exclusively available to verified Mainland China Alipay users.
The partnership aims to enhance tourist convenience while strengthening Ryde's position in Singapore's competitive ride-hailing market. The company expects this integration to attract more Chinese tourists, increase ride bookings, boost transaction values, and create opportunities for future fintech collaborations.
Ryde Group (NYSE:RYDE) has launched 'Ask My CEO a Question,' a new initiative enabling direct communication between driver-partners and CEO Terence Zou. This program allows Private-Hire, Taxi, Carpool, and Delivery Driver-Partners to submit questions and feedback directly to leadership through a dedicated Q&A form.
The initiative is part of Ryde's 7 Driver Commitments and extends the company's existing 'Connect with Terence Zou: Your Questions' program. A key differentiator highlighted in the announcement is Ryde's 0% commission model, which allows drivers to retain most of their earnings, promoting a more sustainable and rewarding environment for driver-partners.
The company positions this initiative as part of its driver-partner first philosophy, aiming to create a more transparent and collaborative ecosystem in the ride-hailing industry.
Ryde Group (NYSE American:RYDE) has announced the recipients of the Ryde Education Merit Awards (REMA) 2024: Sasha Ng and Hannah Yeo. These outstanding students were selected through a rigorous process evaluating academic excellence, leadership, and commitment to societal impact.
Sasha Ng, daughter of a Ryde taxi driver, excels at Dunman High School with straight As and aspires to study Law and International Relations at Oxford. Hannah Yeo, daughter of a Ryde delivery partner, maintains a 3.85 GPA at Ngee Ann Polytechnic pursuing Early Childhood Development and plans to become an Art Teacher through NIE.
As REMA recipients, both will receive mentorship opportunities with Terence Zou, Founder, Chairman, and CEO of Ryde Group. The awards reflect Ryde's commitment to empowering future leaders who will shape Singapore's future across governance, education, and beyond.
Ryde Group (NYSE American:RYDE) hosted its Annual CNY Lunch to celebrate its top six driver-partners and reinforce its commitment to driver engagement. The event highlighted the company's distinctive 0% commission model, which allows drivers to retain more of their earnings compared to other ride-hailing platforms.
The company reports that since implementing the 0% commission model, they have experienced higher driver earnings, improved retention rates, and enhanced service standards through a more engaged driver network. The event featured testimonials from long-term drivers like Eugene and Mr. Quek, who emphasized the value of community and support within Ryde.
The company continues to strengthen driver engagement through various initiatives including #MakanwithRyde, #RydeHongbao, and #AnnualCNYLunch as it expands its presence in Singapore.
Ryde Group (NYSE American:RYDE) launched its inaugural #RydeHongbao giveaway, distributing traditional red envelopes with cash gifts to over 1,000 driver-partners at Purvis Street in Singapore's CBD. The event, coinciding with Ren Ri (人日), the 7th day of Lunar New Year, reinforces Ryde's 7 Driver Commitments Initiative and Active Engagement pillar.
The company continues to maintain its 0% commission model, which has resulted in higher take-home pay for drivers and improved driver retention. Driver-partners, including Mr. Tang, Mr. Ismail, and Mr. Sonny, expressed appreciation for Ryde's support and recognition of their contributions.
Terence Zou, Founder, Chairman & CEO of Ryde Group, emphasized the company's commitment to helping drivers earn more in 2025 and beyond. The initiative demonstrates Ryde's ongoing dedication to fair earnings and long-term driver success in Singapore's mobility and quick commerce platform.
Ryde Group (NYSE American:RYDE) has announced platform fee adjustments while maintaining its 0% commission policy for driver-partners. Starting January 23, 2025, platform fees will be adjusted to $1.05 (GST exclusive) for fares $18 and below, and $1.25 (GST exclusive) for fares above $18.
The company continues its 7 Driver Commitments focusing on transparency and fair rewards, including a 1-Day Leave Scheme. Key strategic areas include enhancing rider safety, app upgrades, and operational improvements through AI and data analytics. The RydeGreen Program promotes EV adoption and eco-friendly practices, supporting Singapore's Green Plan 2030.
These changes are projected to potentially increase revenue by 15-20% for FY2025, with reinvestment planned for platform improvements and ecosystem development.
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