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Grab, Uber’s Southeast Asia rival, to raise $2.5 billion from Didi, SoftBank, others

Grab, Uber Technologies Inc’s biggest ride-hailing competitor in Southeast Asia, said it expects to raise US$2.5 billion in its latest financing round that will help bolster its leading position in the region and grow its payments platform. Chinese peer Didi Chuxing and Japan’s SoftBank Group Corp, both of which are existing investors, will invest up […]