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Alibaba Ponders $3B Stake In Ride-hailing Giant Grab

by thestreet.com posted 2weeks ago 24 views
Click to view a price quote on UBER. : Chinese e-commerce giant Alibaba Group  (BABA) - Get Report is considering investing as much as $3 billion into Southeast Asian ride-hailing giant Grab Holdings, acquiring some of the stock currently owned by Uber Technologies  (UBER) - Get Report. Bloomberg reported Monday that Alibaba was in discussions as the potential lead investor in the ride-hailing giant, which like similar companies has seen revenue take a hit amid the coronavirus pandemic.

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