Grab to raise another $1b in drive for regional dominance

But to keep the private capital rolling it is important to focus on quality and not just quantity, says the start-up's president, Ming Maa.

The latest infusion of cash values the ride-hailing app at around $11 billion. Its expanded war chest will be put to work mainly in Indonesia where rival Go-Jek is revving up investment.

The ride-hailing unicorn is launching a super-app, seeking out partners along the transport value chain, and targeting $1 billion in revenues this year. It’s drive for scale refuses to slow.

The fight for Southeast Asia's ride-hailing market just went up a gear. Gojek will use another $1 billion from investors to compete with Singapore’s Grab. Breakeven may have to wait.

Ride-hailing turns competitive again in Singapore, Vietnam, Thailand and the Philippines as Indonesia's unicorn rides in. But it won't use its own name, nor bring its fintech services.

The Japanese digital payments platform is acquiring a 70.2% stake in T&D Holdings’ life insurance unit, marking its push into life insurance as it expands beyond payments, cards, banking and securities. One Investment Management is also part of the deal.