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