Tag Archives: Alibaba

Alibaba to inject USD3 billion in Grab

grab-driver-home-delivery
[ad_1] eCommerce giant Alibaba will reportedly invest USD3 billion in Southeast Asian ride-hailing giant Grab. Bloomberg cited people familiar with the matter that the Chinese company will be the sole investor in this funding round and the portion of the funds will be used to acquire the stakes held by Uber Technologies Inc. making it […]