Recent Highlights
All Stories for Grab
Microsoft to collaborate with ride-hailing firm Grab on big data and AI projects
• 6 years agoNeither Microsoft nor the Southeast Asian ride-hailing app Grab have disclosed the deal value.
SoftBank joins General Motors, will invest $2.25 billion in their autonomous vehicle unit Cruise
• 7 years agoSoftBank to invest in General Motors vehicle unit Cruise, the deal has ensured its eadership in self-driving cars and GM shares up nearly 13 percent.
Uber seen girding for battle with Ola in India ahead of 2019 IPO; will have to fight harder for market share, say analysts
• 7 years agoUber operates in about 30 Indian cities and has more than 35% share of the taxi market while Ola, which is in 110 cities, has more than a 45% share
Softbank said to be brokering merger deal between homegrown Ola, US headquartered Uber: Source
• 7 years agoTaxi-hailing services Ola and Uber have once again revived talks to merge their businesses here, in a deal being brokered by Japanese investment firm Softbank that is an investor in both the companies.
Uber CEO says there are no plans to consolidate its operations for minority stakes in rivals; battle with Ola to carry on say analysts
• 7 years agoUber and Ola are both backed by a common investor, SoftBank, which pushed behind the scenes for the merger between Uber and Grab Holdings in Southeast Asia
Uber sells SE Asian operations to Grab: Firm may focus on open markets like India where operations are easier, say experts
Sulekha_nair • 7 years agoWith an IPO scheduled for 2019, Uber CEO Dara Khosrowshahi will focus on consolidating the firm's prospects in markets where it has a strong presence.
Uber agrees to sell its South East Asian business arm to rival Grab marking its second retreat from an Asian market
• 7 years agoUber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition at home and in Asia.
Uber to sell SE Asian business to rival Grab, to get 30% stake in combined biz; CEO Dara Khosrowshahi to join Grab's board
• 7 years agoUber’s deal with Grab would be similar to the one struck in China in 2016, when a bruising price war ended in Didi Chuxing buying out Uber’s China business in return for a stake in the company.
Uber rival Didi looking to bring its taxi services to Taiwan via a local franchise partner
• 7 years agoTaiwan would be Didi's first destination outside the Chinese mainland and Hong Kong.
Ride-hailing firm Grab launches service in Cambodia; expands service to eighth country in the region
• 7 years agoIn October, Grab secured $700 million in debt financing to expand its fleet and signed an exclusive partnership with Singapore public transport operator SMRT.