Softbank, Didi hand $2bn to Uber’s big­gest Asian ri­val

Financial Mail - - MARKET WATCH BY MARC HASENFUSS -

Grab raised Us$2bn from Didi Chux­ing and Softbank Group Corp in the largest–ever ven­ture fundrais­ing in South­east Asia, join­ing forces with two com­pa­nies in­stru­men­tal in driv­ing Uber Tech­nolo­gies Inc out of China. The deal ce­ments an al­liance be­tween Softbank, Didi and Grab, which com­petes against Uber in mar­kets from Malaysia to Thai­land.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.