Alibaba to invest in Grab taxi service


The Chinese web store giant Alibaba may want to invest $ 3 billion in taxi app Grab. People in the know report that to Bloomberg.

Grab is a major player in the Asian region and Alibaba with funding is able to access data from millions of users in eight countries. It is said that Alibaba also wanted to buy some of the American Uber interest in Grab.

Grab value is rated about 14 billion dollars.


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