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Latest Stories and News

Alibaba considering $3B investment in Grab

  • Seeking Alpha
  • 2 months ago
  • Alibaba is mulling a $3B investment in Asian ride-hailing giant Grab with some of the money going toward purchasing a portion of Uber's stake.
  • The deal would be one of Alibaba's largest bets in Southeast Asia and one of its rare brushes with the ride-hailing industry.
  • Investing in Grab would give Alibaba access to a treasure trove of user data, a delivery fleet, and stakes in Grab's multiple side businesses, which include financial services.
  • Grab, which was valued at $14B during its last private funding round, is feeling pressure from the coronavirus pandemic and competitor Gojek.
  • SoftBank reportedly has its hand in the investment talks as a major ride-share backer and major Uber shareholder.
Alibaba considering $3B investment in Grab

Zhuo HaiZhen

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Madhur Deep

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Head of Strategy (India), Alibaba Group

Kaiwen Liu

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UI/UX designer with experience creating user-centered by leveraging knowledge in creative coding, artistic design, and an academic foundation in business.
Total raised


Funded over

6 rounds

Latest round

Mar 2015