Tag: Grab
Congress Must Halt Big Tech’s Power Grab
By William P. Barr, WSJ
Big Tech has far too much power. Lawmakers from both parties agree, but for years Congress has been all talk...
Grab To Buy Malaysia Grocery Chain Jaya
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, is buying Malaysian grocery chain Jaya Grocer Holdings, according to a filing...
Grab Strikes $40B Deal In Biggest Ever Blank-Check Merger
Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings on Tuesday, April 13, confirmed its US$40 billion merger with a publicly-listed shell company...
Grab & Gojek Reportedly To Merge
A mega-merger between Grab Holdings and Gojek is getting closer to being realized in what would be the biggest tie-up of online firms in...
Alibaba Considers $3B Deal With Ride-Hailing App Grab
Alibaba, the Chinese eCommerce behemoth, is reportedly in talks to invest US$3 billion in Singapore-based Grab Holdings, which is best known for its ride-hailing...
Grab Appeal’s Indonesia’s Antitrust Decision
Solusi Transportasi Indonesia, the local operating arm of Southeast Asia ride-hailing giant Grab, plans to seek an appeal after the Indonesian antitrust body imposed...
Gojek Notches $1.2B In Funding To Compete With Rival Grab
To compete with Grab Holdings, Gojek has beaten tech industry tumult amid the coronavirus pandemic and notched $1.2 billion in fundraising, Bloomberg reported.
The new funding was made final as the coronavirus accelerated...
Grab To Appeal Malaysian High Court Over Antitrust Fine
Southeast Asian ride-hailing firm Grab plans to appeal Malaysia’s high court’s dismissal of its application challenging the country’s competition watchdog’s proposed fine of US$20.95M....
Asian Giants Gojek, Grab In Merger Talks
Southeast Asia’s largest ride-hailing and food delivery companies Grab and Gojek, both of which command valuations of over US$10 billion each, are discussing a...
Grab Takes Malaysian Regulator To Court Over Fines
In October last year, the Malaysia Competition Commission (MyCC) proposed a fine against Grab. MyCC alleged that the ride-hailing giant abused its dominant position...