Who can Grab the opportunity s Uber’s Asian ride gets bumpy?

As ride-hailing giant Uber struggles with its manifold problems worldwide, regional rivals such as the Southeast Asia-focused Grab are embracing one cardinal rule: don’t gloat just yet. Instead, with the titan on the ropes, the smaller players are quietly using the opportunity to expand into new countries and services, consolidating market share wherever possible. But […]

Uber competitor Grab has raised $2.5 billion from Asian tech giants

Grab, a taxi-hailing service operating in South East Asia, announced on Monday that it has raised $2 billion (£1.5 billion) from Japanese tech investor Softbank and its Chinese equivalent, Didi Chuxing. It expects to raise a further $500 million (£385 million) from other investors before the funding round is closed, bringing the total investment for […]