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Grab raises $750 million to take on Uber in Southeast Asia

SINGAPORE: Grab, the biggest rival to ride-sharing service Uber Technologies Inc in Southeast Asia, has raised $750 million in a funding round, turning up the heat on the US firm now seeking to expand in the region after exiting China.

Economists see ride-hailing industry as ripe for competition

SAN FRANCISCO: Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.

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