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Grab Stock |
Developer of an on-demand ride-hailing platform created to offer booking services for taxis, private cars and motorbikes across Southeast Asia. The company's platform provides mobile payment solutions and a location-based application that matches passengers to the closest available driver, enabling users to have access to a variety of convenient and comfortable personal transportation services.
(Bloomberg) -- Alibaba Group Holding Ltd. is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc., according to people familiar with the matter.The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock
Alibaba is considering investing as much as $3 billion in Southeast Asian ride-hailing giant Grab, acquiring some of its stock currently owned by Uber.
Alibaba is pondering making a $3 billion grab for Grab, the Uber of Southeast Asia, as it contemplates buying some of Uber's shares of the ride-hailing company.
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