Alibaba Looks to Invest $3 Billion in Grab
BEIJING, September 14 (TMTPOST) — Chinese e-commerce giant Alibaba Group is looking to invest $3 billion in Grab, a mobility service provider in Southeast Asia. Grab started as a ride-hailing service provider similar to Uber in Southeast Asian countries, later expanding into sectors like food delivery and mobile payment.
Alibaba has declined to comment on the matter.
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