The successful cash-injection just a month after Indonesian peer Go-Jek raised US$550mil highlights the intensifying competition in the region, as Uber shifts its focus following a deal to sell its China operations into Didi Chuxing.
SINGAPORE: Grab, the biggest rival to ride-sharing service Uber Technologies Inc in South-East Asia, has raised US$750mil in a funding round, turning up the heat on the US firm now seeking to expand in the region after exiting China.
The successful cash-injection just a month after Indonesian peer Go-Jek raised US$550mil highlights the intensifying competition in the region, as Uber shifts its focus following a deal to sell its China operations into Didi Chuxing.
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