Briefing
asia

Alibaba Consider $3 Billion Investment in Southeast Asia’s Grab

By
Shai Oster
· · Source: Bloomberg

Alibaba, China’s e-commerce giant, is considering a $3 billion investment in Southeast Asian ride-hailing app Grab, according to Bloomberg. The investment would be one of Alibaba’s biggest bets on the region since 2016 when it first invested in local e-commerce site Lazada, according to the report. Grab is locked in a costly battle for market share with Gojek. The two rivals have been holding...

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