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Why is Alibaba planning to pour S$3 billion into Grab?

  • Leader
    Sep 29
    Recent reports about Alibabas US$3 billion investment into Grab has
    raised speculation about the terms of the investment as well as the
    merits and the challenges of this potential major tie-up.To get more
    news about https://www.wikifx.com, you can visit wikifx official website.
      The Alibaba Group has long desired to become a global brand.

      Speaking at the World Economic Forum in Davos in 2015, Jack Ma made
    publicly known that the Groups goal is to serve two billion consumers,
    and detailed its intentions of becoming a global company to achieve that
    aim.





      Armed with technology, experience and capital as well as a strong
    track-record, Alibaba, Ant - previously known as Ant Financial - and
    other affiliate companies have made multiple attempts to build up their
    presence in markets, including Southeast Asia and India.