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Uber’s Asian Rival Grab Speeds Up Expansion

While Uber struggles to cope with its management crisis, one of its biggest Asian competitors is embarking on an acquisition and hiring spree to expand its reach and market share.  

Singapore-based startup Grab, whose backers include Japan’s SoftBank and Chinese ride-hailing giant Didi Chuxing, is looking to buy more companies and poach talent globally, Grab co-founder and CEO Anthony Tan said in an interview with The Information.

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“A lot of our capital is focused on a lot of engineering,” Mr. Tan said. “Don’t be surprised if you see more acqui-hiring. Don’t be surprised if you see us hiring big engineering leaders all across the world.”

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