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SoftBank Group to Invest 2 bn USD in Ride-Hailing App Grab
July 30, 2019
Chief Executive Officer of SoftBank Group Corp Masayoshi Son said that the company may invest a whopping 2 billion USD in Grab which is a mobile app that offers cashless payment solutions, food delivery, and ride-hailing service.
Son said that apart from providing the funds, SoftBank will also help the Southeast Asian company set up another headquarters in Indonesia’s capital Jakarta.
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