Grab

SINGAPORE (Sept 20): Ride-hailing service Grab has raised US$750 million ($1.02 billion) in its latest round of fundraising, led by SoftBank as well as other existing and new investors.

SINGAPORE (Sept 20): Stripe Inc., the US payment startup backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk, is bringing its service to Singapore to help local startups build online businesses.

SINGAPORE (Sept 5): Uber, the global giant of ride hailing, which at the last round of its fundraising was valued at US$68 billion ($92.7 billion), lost US$1.2 billion in the first half of this year compared with a US$987.2 million loss in the same period

(Aug 3): China’s Didi Chuxing and SoftBank Group Corp. are leading a new round of funding in the Southeast Asian ride-sharing service Grab that could exceed US$600 million ($805 million), according to people familiar with the deal.

SINGAPORE (June 13): Ride-hailing platform Grab has gone cross border, literally. The company is introducing a car-pooling service, GrabHitch JB-SG, for the popular Johor Bahru-Singapore commute, which sees daily flow of some 400,000 people.

SINGAPORE (June 2): Ride hailing app Grab is expanding its reach beyond its Southeast Asia home market via a tie-up with Lyft in the United States.

HONG Kong (May 13): Apple Inc invested US$1 billion ($1.38 billion) in Didi, the single largest investment the Chinese ride-hailing service has ever received as it battles Uber Technologies Inc.