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16 June 2017

Corporates to make Grab in $1.5bn round

Didi Chuxing has joined the investors in Grab's forthcoming $1.5bn round, which will be led by SoftBank, and could be joined by Alibaba or Ant Financial.

Author: Robert Lavine, News Editor

China-based ride hailing platform Didi Chuxing has invested in Singapore-based on-demand ride service Grab as part of the $1.5bn round it is raising, Bloomberg reported yesterday, citing people familiar with the matter.