Sunday, 18 Nov 2018
Category: grab

Southeast Asia’s Grab partners with MasterCard to offer virtual debit cards

Ride-hailing firm Grab branched out into payments last year and now the $11 billion-valued company, which acquired Uber’s Southeast Asia business earlier this year, has given its fintech division a major boost after it announced plans to introduce virtual pre-paid debit in partnership with Mastercard. The move is the largest digital payment push in Southeast […]

Microsoft invests in Grab to bring AI and big data to on-demand services

Microsoft has made a strategic investment in ride-hailing and on-demand services company Grab as part of a deal that includes collaborating on big data and AI projects. Under the agreement, Singapore-based Grab will adopt Microsoft Azure as its preferred cloud platformAzure cloud computing service. Microsoft and Grab didn’t disclose financial terms. The idea behind the […]

You can now use the Google Assistant to order an Uber or Lyft

If you ever wanted to use your Google Assistant to book a ride with Uber or Lyft, your wishes have been heard. Starting today, you’ll be able to use your voice to ask Google’s virtual assistant to book you a car from Uber, Lyft, Ola, Grab, GO-JEK and similar services. The new feature works with Google […]

Uber and Grab hit with $9.5M in fines over ‘anti-competitive’ merger

Uber and Grab have been hit with combined fines of $9.5 million after their merger deal was found to have violated Singapore’s anti-competition laws. Grab acquired (and then merged/closed) Uber’s Southeast Asia business in March, but the Competition Commission of Singapore today declared the deal is “anti-competitive” following a months-long investigation into its impact on […]

Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh

Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in […]

Grab-Uber deal wins Philippines approval but ‘virtual monopolist’ concern remains

Grab’s acquisition of Uber’s Southeast Asia business in May has been embroiled in regulatory scrutiny, but the ride-hailing firm has some positive news after the Philippines’ regulator gave the deal the all-clear. It did so, however, whilst laying out terms to prevent the company from becoming overly dominant. Singapore’s watchdog said in July that competition […]

July sets a record for number of $100M+ venture capital rounds

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor WeWork is just one facet of SoftBank’s bet on real estate Inside the rise and reign of supergiant venture capital rounds In July 2018, the tech sector’s leisure class — venture capitalists — kicked investments […]

China’s Didi Chuxing is close to launching a taxi-booking service in Japan

Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business in Japan. Its new Japan-based unit is a joint venture with SoftBank, a longtime Didi investor, which has been in the works since an announcement back […]

Singapore watchdog threatens to unwind Uber’s Southeast Asia exit deal

Uber’s exit from Southeast Asia may be done and dusted, but the deal — which saw Grab take over its local operations in exchange for a 27.5 percent stake — is coming pressure in Singapore where the country’s antitrust regulator has threatened to unwind the deal because it has reduced competition. The Competition and Consumer Commission Singapore […]