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Grab secures US$150 million investment from Yamaha

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Published Thu, Dec 13, 2018 · 09:50 PM

    Beijing

    GRAB is attracting more global backers as the Asian ride-hailing service fights Uber Technologies Inc, with a motorcycle maker becoming the latest investor.

    Yamaha Motor Co agreed to invest US$150 million in Grab and the two will collaborate on motorcycle-ride services in South-east Asia with a focus on Indonesia, the Japanese manufacturer said in a statement Thursday.

    GrabUber

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