Tag Archives: grab
Google: Southeast Asia’s digital economy is surging
Google has begun looking beyond India to Southeast Asia for its "next billion" users. And its annual report on the region's internet economy gives us an insight as to why it's so crucial to the web giant. Home to 650 million people, Google projects S...
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Microsoft deal with Grab brings its AI, cloud tech to ride-hailing
Earlier this year Uber sold off its ride-hailing business in southeast Asia to a competitor, Grab, which is now raising $3 billion to further expand operations. Today Microsoft announced it's making a "strategic investment" in Grab, as the two launch...
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Grab tacks grocery delivery onto its ride-hailing service
Grab, the ride-sharing company that devoured Uber's business in Southeast Asia, has announced that it's also getting into grocery delivery. Just like Uber in the US and other Western countries, the Singapore-based firm already offers quite a few opti...
Toyota invests $1 billion in one of Asia’s biggest ride-sharing companies
Who knew that ride-sharing investments would become a large facet of Toyota's business strategy. The automotive giant has stakes in Uber, competitor Japan Taxi, and now, it's enthusiastically throwing $1 billion -- its biggest sum yet -- at Southeast...
Uber’s Southeast Asia merger delayed pending reviews
Uber is normally glad when its service keeps running in a given country, but not this time around. The Philippines has ordered Uber to keep its local service active while antitrust investigators review the merger with Grab's Southeast Asia business....
Uber is selling its Southeast Asia business to Grab
Uber's plan to sell off its Southeast Asia business appears to be a done deal. Sources speaking to Bloomberg and Reuters have said that Uber has reached an agreement to sell the division to rival Grab. The arrangement would give Grab all of Uber's...