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July 25, 2017

Grab receives US$2 billion investment from Japan’s SoftBank and China-based Didi Chuxing

Grab, ride-sharing service, just received a cool US$2 billion (RM8.57 billion) in investment monies from Japanese telecoms firm SoftBank, and Chinese ride-hailing app Didi Chuxing. This amount does not include other Grab investors for its current financing round, which is estimated to be worth an extra US$500 million ~(RM2.14 billion). According to TechCrunch, the new round of investment…