Singaporean ride-hailing company Grab announced on Tuesday it will go public in the United States via a special-purpose acquisition company (SPAC) merger with Altimeter Growth Corp (AGC), thus confirming earlier media reports.
The deal will value Grab at $39.6 billion, making it the largest...
Singaporean multinational ride-hailing company Grab Holdings is looking to go public through a merger with a special-purpose acquisition company (SPAC) affiliated with Altimeter Capital Management and would be valued at around $40 billion, all-time biggest SPAC deal, The Wall Street Journal...
Softbank's ride-hailing and payments company Grab Holdings Inc. revealed on Tuesday it plans to sack several hundreds of its employees due to the coronavirus pandemic. Therefore, the Singaporean company will slash approximately 5% of its workforce, equivalent to 360 employees.
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Grab, Asia’s largest ride-hailing firm, has launched a numberless card with Mastercard, the company announced on Thursday. The GrabPay Card, Asia’s first numberless card, will allow Grab users to make purchases at any of Mastercard’s more than 50 million outlets.
The GrabPay Card will be available...
Users of public transportation in Singapore, Bangkok and Kuala Lumpur will be able to use Grab Inc.'s Trip Planner on their mobile devices starting this week, Nikkei reported on Monday. The company's chief for the marketplace and shared mobility Ngiam Xinwei said the aim is to enable an integrated...
Singapore-based ride-hailing company GrabTaxi Holdings Pte. Ltd. will raise an additional $2 billion to finance its expansion in Indonesia, the Nikkei Asian Review reported on Monday.
In an interview with the Japanese newspaper, Grab president Ming Maa said that the company would raise the money...
The Singapore-based GrabTaxi Holdings Pte. Ltd. is in talks with Alibaba Group Holding Ltd. 's Ant Financial Services Group and PayPal Holdings Inc. to possibly spin off its financial services business, TechCrunch reported on Friday.
If the ride-hailing company follows through, the Grab Financial Group...
The financial operation of the Singapore-based ride-hailing company GrabTaxi Holdings Pte. Ltd. is launching several new financial services for South-East Asian customers, the company said on Tuesday.
Among the new services are an online self-checkout system which can use GrabPay, as...
Singaporean ride-hailing startup Grab Inc. raised $1.46 billion in funding from SoftBank's Vision Fund, the former said in a press release on Wednesday.
The new capital injection brings the total amount of financing secured by Grab in its Series H round to over $4.5 billion. Other investors in...
Singaporean ride-hailing startup Grab Inc. was ordered to pay taxi firm Vietnam Sun Corp 4.8 billion Vietnamese dong ($206,985) in compensation by a Vietnamese court on Friday, according to reports by local media.
Vietnam Sun Corp, the operator of the Vinasun taxi brand, sued Grab for what it said...
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