Didi and SoftBank pour $2b into Grab

Underlining Southeast Asia's draw as a red-hot investment destination, the Chinese and Japanese tech giants are providing the bulk of the ride-hailing unicorn's newest fundraising.

Grab, the Singapore-headquartered on-demand ride services provider, has received a $2 billion injection from regional tech giants Didi Chuxing and Softbank Group, underlining Southeast Asia's growing draw for investors as companies and private equity funds scout around for better returns.

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