Alibaba Said to Invest $3 Billion in Grab - THEMARKETTRENDZ

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Monday, 14 September 2020

Alibaba Said to Invest $3 Billion in Grab



Sep.14 -- Alibaba is in talks to invest $3 billion in Southeast Asia’s ride-hailing giant Grab. Sources say Alibaba will use some of the money to acquire some of Uber’s stake in the company. The deal represents one of the e-commerce titan’s biggest bets on the region. Bloomberg’s Haslinda Amin reports on “Bloomberg Daybreak: Asia.”
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