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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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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.”Bloomberg Markets and Finance YouTube Channel
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