Grab secures US$150 million investment from Yamaha
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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.
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