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Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab



 Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. Bloomberg reports that Alibaba President Jack Ma is considering joining an upcoming $1.4 billion funding round for Grab which will be led by SoftBank, a company with many links to Alibaba. Separately, TechCrunch has confirmed with a source that Alibaba has held meetings with… Read More



Source: techCrunch

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