7 months Grab to invest $2 billion in Indonesia using funds from SoftBank MB |Biz
By Reuters Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital received from Japan’s SoftBank Group Corp, which wants to increase its exposure to the region’s most populous market. The investment will go toward creating a next-generation transportation network and transforming how critical services, like healthcare, are delivered, Grab said in a statement. A Grab taxi drives on a street in Hanoi, Vietnam October 29, 2018. (REUTERS/Kham / MANILA BULLETIN) “SoftBank will invest the US$2 billion into the country through Grab, to drive the digitization of crucial services and ... more