Helped by the deep pockets of SoftBank Group Corp, Grab emerged the winner on Monday when Uber agreed to swap its business in the region for a 27.5% stake. With US$4bil (RM15.50bil) raised from investors led by SoftBank, Tan has turned Grab into a ride-hailing juggernaut since it was born in a tiny Kuala Lumpur storage room about six years ago. Grab later relocated to Singapore and now provides a host of services from Indonesia to Vietnam and the Philippines. “In South-East Asia, one of the most difficult things to build is tech talent,” Tan said at the Money 20/20 conference this month. “Grab has done a great job building those proprietary linkages that make consumer experience more sticky, more consumer-centric,” Anand said.

Source: The Star March 27, 2018 09:00 UTC