Business / Corporate Feb 20, 2020

MUFG Bank to invest ¥80 billion in ride-hailing service Grab

MUFG Bank will form a capital and business alliance with Singapore-based ride-hailing service Grab, with the view to collaborating on retail financial services, sources have said. The major Japanese bank, together with its group companies, will invest up to ¥80 billion (about $720 million) in ...

Singapore's Grab raises $1.5 billion from SoftBank fund

Business / Corporate Mar 6, 2019

Singapore's Grab raises $1.5 billion from SoftBank fund

Leading Southeast Asian ride-hailing provider Grab raised about $1.5 billion from SoftBank Group Corp.'s Vision Fund, bankrolling its effort to expand into new services across the region. The funding brings the amount of money the company has collected from investors in the past year to ...

Business Mar 26, 2018

Uber to sell Southeast Asia business to rival Grab: source

Ride-hailing firm Uber Technologies Inc. has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia. The deal, which could be ...

Ride-hailing giant Grab expands full operations in Myanmar

Business / Corporate Jul 28, 2017

Ride-hailing giant Grab expands full operations in Myanmar

After a four-month trial period, Southeast Asian ride-hailing giant Grab has begun full operations in Myanmar, launching localized apps with new safety and technology features. Hooi Ling Tan, co-founder of Grab, said Myanmar has become the seventh country to be covered by its ride-hailing platform, ...