{"id":327,"date":"2020-09-16T09:03:55","date_gmt":"2020-09-16T09:03:55","guid":{"rendered":"https:\/\/ibyteinfomatics.com\/blog\/?p=327"},"modified":"2021-07-15T09:25:17","modified_gmt":"2021-07-15T09:25:17","slug":"alibaba-is-in-talks-to-invest-3-billion-in-grab-insider-claims","status":"publish","type":"post","link":"https:\/\/ibyteinfomatics.com\/blog\/alibaba-is-in-talks-to-invest-3-billion-in-grab-insider-claims\/","title":{"rendered":"Alibaba Is in Talks to Invest $3 Billion in Grab | Insider Claims"},"content":{"rendered":"\r\n

As per the latest Bloomberg<\/strong> reports claim that Alibaba Group<\/strong> is making an investment of USD 3 billion<\/strong> in Southeast Asia’s biggest ride-hailing firm Grab Holdings Inc<\/strong>. This Chinese firm will be the prime and sole investor in the funding round. Additionally, they will spend a portion of their funds to acquire some of the Grab stock undertaken by Uber Technologies Inc, Bloomberg added. However, Grab declined to mark any words over this trending news. Alibaba and Uber were not available for any immediate responses or comments.\u00a0<\/p>\r\n\r\n\r\n\r\n

In March 2018, Uber<\/strong> surrendered its Southeast Asian operations to Grab<\/strong>. Ultimately, it became a 27.5 percent stakeholder<\/strong> in Grab’s business. Furthermore, in April, Uber imposed an impairment charge of up to $2.2 billion against the carrying value of some of the company’s minority equity assets. Statistically, Grab holds an estimated valuation of $14 billion. This value covers SoftBank Group Corp<\/strong> as one of its backers assisting in financial services, food delivery, and mobile payments. Followed by June, Grab declared a 5 percent reduction in staff numbers amid the Covide 19 situation. Hence impacting the costs and growth of the company.<\/p>\r\n\r\n\r\n\r\n

What Happens if Alibaba Pours an Investment in Grab?<\/h2>\r\n\r\n\r\n\r\n

Alibaba<\/strong> has been investing to buy some of the Grab<\/strong> stock owned by San Francisco-based Uber Technologies<\/strong>, as reported by Bloomberg<\/a>. This deal might represent one of the biggest deals on Southeast Asia since its first investment in Lazada in 2016,\u201d Bloomberg<\/strong> said. If you look, Alibaba, China\u2019s largest eCommerce platform has not yet ventured into ride-hailing. But, Bloomberg<\/strong> outlined that such a deal would allow Alibaba<\/strong> to access the data of millions of users belonging to different eight countries along with Grab\u2019s various holdings. Additionally, an investment by Alibaba could deliberately boost the growth of Lazada in the competitive market share with Tencent-backed Shopee.<\/p>\r\n\r\n\r\n\r\n

 <\/p>\r\n\r\n\r\n\r\n

\r\n

In the final analysis…<\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n

The Covid-19 pandemic has brought so much evolution into business processes while adversely impacting the people\u2019s movements. Consequently, the shares for both Grab<\/strong> and Gojek<\/strong> have been selling at major discounts, as reported by Financial Times<\/strong>. In such a scenario, a mutual agreement can potentially help in accelerating both Grab and Gojek\u2019s paths to financial gains. However, Indonesia \u2013 being the biggest market for the two startups \u2013 remains a vital part of a potential deal. Whereas both Grab and Gojek are wanting a bigger slice of the country\u2019s ride-hailing market.<\/p>\r\n\r\n\r\n\r\n

Want to Create Clone Of Uber App<\/a>?<\/p>\r\n ","protected":false},"excerpt":{"rendered":"

Yes, you have rightly heard! As per the insider reports, Alibaba is going to be a key investor in Grab, one of the top Southeast Asian ride-hailing giants. Alibaba Group Holding is one the oldest and popular Chinese eCommerce behemoth who is reportedly in talks to invest $3 billion in Singapore-based Grab Holdings Inc, which is renowned for its ultimate ride-hailing business. Check out more to get full details of this latest story.<\/p>\n","protected":false},"author":2,"featured_media":328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[91],"tags":[90,87,89,86,88],"yoast_head":"\nAlibaba Is in Talks to Invest $3 Billion in Grab: Insider Claims<\/title>\n<meta name=\"description\" content=\"Alibaba Group Holding, a giant eCommerce MNC headlines to have invested $3 Billion in Grab. 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