Alibaba Said to Invest $3 Billion in Grab

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  • Bloomberg Markets and Finance published this video item, entitled “Alibaba Said to Invest $3 Billion in Grab” – below is their description.

    Sep.14 — Alibaba is in talks to invest $3 billion in Southeast Asia’s ride-hailing giant Grab. Sources say Alibaba will use some of the money to acquire some of Uber’s stake in the company. The deal represents one of the e-commerce titan’s biggest bets on the region. Bloomberg’s Haslinda Amin reports on “Bloomberg Daybreak: Asia.”

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