Grab said it amounts to the largest single financing in Southeast Asia. "We are delighted to deepen our strategic partnership with Didi and SoftBank," said Anthony Tan, Grab's group chief executive and co-founder. Grab said it has a market share of 95 per cent in third-party taxi-hailing and 71 per cent in private-vehicle hailing in Southeast Asia, far ahead of main rival Uber. Grab offers private car, taxi, motorbike and carpooling services in seven countries and 65 cities across Southeast Asia, a region of 650 million people. Masayoshi Son, chairman and chief executive of SoftBank, described Grab as "a tremendously exciting company in a dynamic and promising region."

Source: The Nation Bangkok July 24, 2017 05:03 UTC