RYDE GROUP LTD Stock Price, News & Analysis

Ryde Group (NYSE American: RYDE) has launched Ryde Empowers, an initiative to support local talent in Singapore. The program focuses on three key pillars: raising public awareness, sharing inspiring stories, and providing financial support. Singaporean professional tennis player Sarah Pang is the first champion of the program.

Ryde Empowers aims to nurture athletes, community service leaders, artists, and musicians, helping them excel nationally and internationally. The initiative aligns with UN Sustainable Development Goals to promote good health and well-being and reduce inequalities.

Sarah Pang's journey exemplifies the spirit of excellence Ryde Empowers celebrates. Despite obstacles, she broke into the top 1% of players in the Women's Tennis Association (WTA) rankings and was recently selected as a fellow of the U.S. State Department's Global Sports Mentorship Program.

Ryde Group (NYSE American: RYDE) has unveiled its 7 Driver Commitments initiative to enhance the experience of its driver-partners. The commitments include:

1. Fair Earnings: Transparent pricing and 0% commission for private hire and taxi drivers.
2. Safety First: Comprehensive safety features.
3. Professional Development: Continuous training and resources.
4. Dedicated Support: Multiple support channels.
5. Job Flexibility: Empowering drivers to choose jobs and set hours.
6. Active Engagement: Listening to driver feedback and recognizing contributions.
7. Sustainability: Promoting eco-friendly practices.

Terence Zou, Founder, Chairman, and CEO of Ryde Group, emphasized the company's dedication to ensuring a first-class driving experience with cutting-edge tech features, supportive policies, and fair earnings.

Ryde Group (NYSE American: RYDE), a prominent mobility and commerce tech platform, announced a partnership with Mobile-health Network Solutions (Nasdaq: MNDR), the first US-listed telehealth provider in Asia Pacific. This collaboration aims to offer Ryde’s driver-partners and their families access to affordable telemedicine services, enhancing their well-being while on the road. Benefits include 24/7 telemedicine consultations at members' rates and joint marketing campaigns to boost brand awareness. The partnership is expected to strengthen Ryde's position as a leading mobility app and increase patient inflow for Mobile-health Network Solutions.

Ryde Group , a prominent Singapore-based technology platform for mobility and quick commerce, has announced its secondary listing on the Frankfurt (FSE) and Stuttgart (XSTU) Stock Exchanges under the symbol D0S. This move aims to broaden trading opportunities for European investors while maintaining Ryde's primary listing on the NYSE American (RYDE).

According to Ryde CEO Terence Zou, this strategic expansion will enhance the company's investor base and accessibility in European markets. The listing allows existing shareholders to trade on the FSE and XSTU without impacting their ownership.

The company will also appoint new investor relations advisors in Germany to bolster awareness of its value proposition.

Ryde Group has revamped its rider app, introducing AI-driven features to enhance user experience. The updated app includes a more intuitive user interface, faster booking, and personalized trip recommendations based on past trips and preferences. Key improvements include a modern UI/UX design, simplified navigation with a prominent 'Where To' option, streamlined access to saved addresses, and a smart digital advertising algorithm that tailors ads to users. According to Terence Zou, Founder and CEO, these updates are expected to increase trip requests and revenue for Ryde's carpooling, ride-hailing, and delivery services.