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Southeast Asia's Most Valuable Startup Grab Mulls $2B US IPO: Reuters
Tuesday, January 19, 2021 - 3:27am | 297Read More...SoftBank Group Corp (OTC: SFTBY)-backed ride-hailing firm Grab is looking to go public in the United States in 2021, Reuters reported Monday. What Happened: The Singapore-based Grab — which offers services akin to Uber Inc (NYSE: UBER) in multiple Southeast Asian countries —...
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Fintech Focus For January 5, 2021
Monday, January 4, 2021 - 6:13pm | 1571Read More...Quote To Start The Day: Despite Congress passing a stimulus package providing funds for jobless benefits, vaccine distribution, stimulus checks and aid to businesses, the support could be too little, too late for many businesses. "How do you expect these people to survive?" Barstool...
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Fintech Focus For November 11, 2020
Tuesday, November 10, 2020 - 10:46pm | 2239Read More...Quote Of The Day: Get busy living or get busy dying. - Stephen King Fintech Movers: By adding fintech, SaaS businesses can increase revenue per customer by 2-5x* and open up new SaaS markets that previously may not have been accessible. - Andreessen Horowitz Benzinga’s Fintech Award winners...
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Uber Interested In Acquiring BMW, Daimler's Europe Ride-Hailing App: Bloomberg
Tuesday, September 29, 2020 - 1:33am | 406Read More...Uber Technologies Inc (NYSE: UBER) is reportedly considering strategic maneuvers to expand its market share in Europe. The San Francisco-based company is in discussions to purchase German ride-sharing app Free Now, according to Bloomberg. Formerly known as MyTaxi, Free Now is a product of Your...
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Fintech Focus For August 5, 2020
Thursday, August 6, 2020 - 9:26am | 1816Read More...Daily Perspective: The root of suffering is attachment. - Buddha Fintech Movers: The Bank of International Settlements's Innovation Hub is partnering with the Hong Kong Monetary Authority on a new tech-focused competition centered around the digitization of trade finance. - Block Market data...
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Uber's Shares Rise More Than 8% Even As Company Withdraws 2020 Guidance
Friday, April 17, 2020 - 1:41am | 397Read More...The shares of Uber Technologies Inc. (NYSE: UBER) surged in the after-hours session on Thursday, even as the company withdrew its earnings guidance for the financial year 2020. What Happened Uber said that the guidance issued during the 2019 fourth-quarter earnings report is no longer valid due to...
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Ride-Sharing Company Grab Raises $856M, Seeks To Expand Its Financial Services
Tuesday, February 25, 2020 - 5:39am | 298Read More...SoftBank Group Corporation (OTC: SFTBY) backed Grab, a ride-hailing company operating in Southeast Asia, is raising more than $850 million from Japanese firms Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) and TIS Inc. What Happened MUFG and TIS will invest in Grab to create “accessible and...
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Singtel, Grab To Apply For Joint Online-Only Bank License In Singapore
Monday, December 30, 2019 - 2:20am | 276Read More...Singapore Telecommunications Ltd (OTC: SGAPY) is teaming up with Singapore-based ridesharing company Grab Holdings Inc to apply for a digital banking license in Singapore, Reuters reported Monday. What Happened In a bid to set up a digital bank in Singapore, Grab, and Singtel are forming...
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How Is Go-Jek Different Than Uber?
Monday, August 28, 2017 - 12:46pm | 727Read More...Last Friday, reports suggested that JD.Com Inc(ADR) (NASDAQ: JD) has invested about $100 million in Go-Jek, a ride-hailing service based in Indonesia. The news of the investment was first reported by technology-focused news service Information. The investment, made as part of Go-Jek's latest...
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Uber's Rival Grab Touts $2.6 Billion In New Investments
Monday, July 24, 2017 - 8:24am | 342Read More...Southeast Asian ride-hailing company Grab expects to raise about $2.5 billion in new investments from China's state-run Didi Chuxing and Japan's Softbank Group, among other investors. Softbank and Didi Chuxing, which won the Chinese market over Uber Technologies Inc., will invest up to $2...
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Riding The Crest Of Ride Sharing – Uber Vs. Lyft Vs. Didi
Friday, March 10, 2017 - 3:43pm | 1390Read More...Ride sharing services are among the disruptive technologies the automotive sector has come to adopt. This service is pitched as a replacement for car ownership and at the same time offer personalized transportation service. The potential, the opportunity flaunts, is there for everybody to see and...
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SoftBank President Nikesh Arora Leaving Post Amid Investor Pressure
Tuesday, June 21, 2016 - 9:52am | 464Read More...Nikesh Arora, president and chief operating officer of Japan's SoftBank Group Corp (OTC: SFTBF) is stepping down amid pressure from investors, according to a company press release. The departure of Arora, who was Chief Executive Masayoshi Son's handpicked successor, will assume an advisory role,...
