Alibaba in talks to invest US$3bil in Grab, says report


Image courtesy of The Straits Times/Asian News Network.

SINGAPORE, Sept 14 (Reuters): Alibaba Group Holding Ltd is in talks to invest US$3 billion into South-East Asia's biggest ride-hailing firm Grab Holdings Inc, Bloomberg News has reported on Monday, citing people who are familier with the matter.

Grab declined to comment, while Alibaba was not immediately available to respond to a Reuters request for comment.

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Ali Baba , Grab , Invest , US$3Bil , Major Investment

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