GrabTaxi to invest US$100m in Singapore R&D centre
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Angela Tan
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Singapore
MOBILE phone transport app GrabTaxi, or MyTeksi as it is known in its native Malaysia, will invest US$100 million over a few years in its first research and development (R&D) centre in Singapore to sharpen its offerings.
At the opening of the centre on Wednesday, GrabTaxi said the bulk of the investment will go into attracting global talent to the company and into a mobile application that assigns available cabs nearby to commuters using mapping and location-sharing technology.
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