Grab

SoftBank Group Corporation (OTC: SFTBY) backed Grab, a ride-hailing company operating in Southeast Asia, is raising more than $850 million from Japanese firms Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) and TIS Inc. What Happened MUFG and TIS will invest in Grab to create “accessible and...

Singapore Telecommunications Ltd (OTC: SGAPY) is teaming up with Singapore-based ridesharing company Grab Holdings Inc to apply for a digital banking license in Singapore, Reuters reported Monday. What Happened In a bid to set up a digital bank in Singapore, Grab, and Singtel are forming...

Last Friday, reports suggested that JD.Com Inc(ADR) (NASDAQ: JD) has invested about $100 million in Go-Jek, a ride-hailing service based in Indonesia. The news of the investment was first reported by technology-focused news service Information. The investment, made as part of Go-Jek's latest...

Southeast Asian ride-hailing company Grab expects to raise about $2.5 billion in new investments from China's state-run Didi Chuxing and Japan's Softbank Group, among other investors. Softbank and Didi Chuxing, which won the Chinese market over Uber Technologies Inc., will invest up to $2...

Ride sharing services are among the disruptive technologies the automotive sector has come to adopt. This service is pitched as a replacement for car ownership and at the same time offer personalized transportation service. The potential, the opportunity flaunts, is there for everybody to see and...

Nikesh Arora, president and chief operating officer of Japan's SoftBank Group Corp (OTC: SFTBF) is stepping down amid pressure from investors, according to a company press release. The departure of Arora, who was Chief Executive Masayoshi Son's handpicked successor, will assume an advisory role,...