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Grab cashes up for a bigger taxi fight

GRAB is arming itself for a long fight. The ride-hailing firm won one big battle earlier this year when it pushed US giant Uber out of South-east Asia. Much of its latest US$1 billion funding round will be spent in Indonesia, where the Singapore-based group is up against homegrown rival Go-Jek. That country is where […]

Uber’s U-Turn on Taxi Cooperation Could Herald more Realistic Southeast Asia path

Uber’s entire business has been predicated on flooring it right at the establishment. Co-founder Travis Kalanick once said his company was in a campaign where “the incumbent is an asshole called taxi.” New boss Dara Khosrowshahi just pulled a U-turn in Singapore by striking a deal with ComfortDelGro, the powerful local cab operator. It has […]

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 […]