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Ryde's CEO on overcoming adversity and the value of hard work

  • August 31, 2021
    Ryde's CEO on overcoming adversity and the value of hard work

    It’s a rainy morning when I first meet Terence Zou, founder and CEO of homegrown ride-hailing start-up, Ryde Technologies. Coincidentally, the date is Aug 19, the first day in which 50 per cent of work-from-home employees were allowed to return to the office following the loosening of COVID-19 restrictions in Singapore.

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    As we settled in for our chat, Zou points out that in the morning, he had seen an uptick in fare prices on the Ryde app. That’s good for business, but it’s also good for the drivers on its platform. After all, Zou founded the company precisely to help these drivers earn an income.

    The pandemic, of course, hasn’t been kind to the carpooling business. But Zou is optimistic. He has spent the past few months improving the business, sharpening his strategy. Despite the circumstances, “things have worked out pretty well” for Ryde, the 46-year-old shared.

    In any case, Ryde is “more than just a business”, its founder believes. At the heart of the company is a larger social mission to create a positive impact for the community.