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Ryde Celebrates Driver-Partners With #RydeHongbao Giveaway - Reinforcing Its 0% Commission Initiative

1. Ryde Group launched #RydeHongbao for over 1,000 driver-partners. This initiative supports their community engagement.

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FAQ

Why Bullish?

Enhancing community ties may lead to increased driver participation and user engagement, similar to past initiatives boosting loyalty.

How important is it?

Community initiatives can enhance brand reputation and driver retention, positively influencing stock perception.

Why Short Term?

Immediate positive effects may arise, though long-term benefits depend on sustained engagement and growth strategies.

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SINGAPORE, SG / ACCESS Newswire / February 6, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde'' or the "Company"), a technology company with a leading platform for mobility and quick commerce in Singapore, ushered in the Lunar New Year by reaffirming its commitment to driver-partners through the inaugural #RydeHongbao giveaway. More than 1,000 driver-partners were invited to receive a Hongbao-traditional red envelopes filled with cash gifts symbolizing good fortune and prosperity - via a convenient drive-by pick-up at Purvis Street in the Central Business District (CBD).

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