RYDE GROUP LTD Stock Price, News & Analysis

Tencent Cloud has formed a strategic partnership with Ryde Group Ltd (NYSE: RYDE) to enhance in-app communication for ride-hailing services in Southeast Asia. The collaboration integrates Tencent's Real-Time Communication (TRTC) technology and WeChat Mini Program into Ryde's platform, replacing traditional telecom-based systems with a cloud-native solution. This upgrade provides ultra-low latency, secure communication between riders and drivers while protecting user privacy. The partnership aims to transform Ryde's platform beyond ride-hailing into a regional super-app, with plans to explore AI-driven fleet optimization, intelligent dispatch systems, and green mobility analytics. For Tencent Cloud, this aligns with regional expansion goals, while Ryde benefits from improved platform reliability, operational efficiency, and enhanced user experience.

Ryde Group (NYSE:RYDE) has acquired a 40% strategic stake in Atoll Discovery, a Singapore-based EV rental company operating nearly 100 BYD electric vehicles. The investment aligns with Singapore's ambitious EV transition plan, which aims to deploy 60,000 charging points and phase out combustion engines by 2040. Singapore's EV market is projected to reach $564 million by 2030, with a 27.46% CAGR. Atoll, founded in 2017 and led by industry veteran Steven Kwek, supplies vehicles to major partners including Singapore Electric Vehicles (SEV). This acquisition complements Ryde's RydeGreen Program, launched in December 2024, which aims to introduce 1,200 EVs by 2027 with a $1 million green bonus commitment. The strategic investment allows Ryde to expand its green mobility footprint while maintaining its core business focus and 0% driver commission model.

Ryde Group Ltd (NYSE:RYDE) has received a notice of non-compliance from NYSE American on May 21, 2025, due to failing to meet continued listing standards. The company reported stockholders' equity of US$2.8 million, below the required US$4.0 million threshold, and has reported net losses in three of its four most recent fiscal years through December 31, 2024. Ryde must submit a compliance plan by June 20, 2025, demonstrating how it will regain compliance by November 21, 2026. If the plan is not submitted, accepted, or if progress isn't maintained, RYDE could face delisting. The company's Class A shares will continue trading under "RYDE" while working to meet listing requirements.

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 Ltd (NYSE American: RYDE), a Singapore-based technology platform specializing in mobility and quick commerce, has announced the filing of its annual report on Form 20-F for the fiscal year 2024 with the Securities and Exchange Commission on April 28, 2025. The report is accessible through both the SEC website and Ryde's investor relations portal. Shareholders can request a complimentary hard copy of the annual report, which includes audited consolidated financial statements, by contacting the company's IR Department at investor@rydesharing.com.

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.