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17 July 2017

Grab to take up to $2bn in next round

The Southeast Asian ride hailing platform is reportedly in talks with SoftBank and Didi Chuxing to raise up to $2bn at a valuation of more than $5bn.

Author: Robert Lavine, News Editor

Singapore-based ride hailing platform Grab has entered talks with telecommunications group SoftBank and China-based on-demand ride service Didi Chuxing to raise up to $2bn, the Wall Street Journal reported on Friday.