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Uber rival Grab to raise $2.5 billion in new financing

Uber rival Grab to raise $2.5 billion in new financing

July 24, 2017

SINGAPORE - Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China's Didi Chuxing and Japan's Softbank, as it strengthens its lead over rival Uber.

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