Microsoft's battle with AWS clouds value of Grab’s platform

The US tech giant has sealed an open relationship with the dominant ride-hailing platform in Southeast Asia. Such “strategic” tie-ups muddy valuations.

Microsoft’s new relationship with Southeast Asia’s biggest ride-hailing company Grab was sealed with a cheque.

Grab said on Tuesday that Microsoft would become one of its service providers across a suite of products and, in the same breath, noted that the US tech giant will also invest an undisclosed sum in its platform.

Both Grab and Microsoft are in fierce competition for market share financial investors should question how this pressure is swaying the long-term quality and profitability of their alliances and minority investments.

Microsoft’s arch rival in the public cloud arena is Amazon’s Amazon Web Services AWS. While Microsoft is chipping away...

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