Grab is now valued at $14 billion after landing $1.46 billion from SoftBank's Vision Fund

Southeast Asian ride-hailing giant Grab says it has secured $1.46 billion in new funds from SoftBank’s Vision Fund. Following the fresh financing from the Vision Fund, Grab’s valuation is at $14 billion, according to a source familiar with the matter. In its current funding round, Grab has raised more than $4.5 billion with investments from…

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Nvidia Stock Good for Bottom Fishing This Christmas, Citi Group Executive Says

Photo: eugenuity / Flickr While that the declining cryptocurrency market has hit the business of every chip maker on Earth, the story of Nvidia is no different. The semiconductor chip-making giant is facing severe woes with its stock price falling by nearly 50% in the last three months. At the closing hours on Friday, the…

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Microsoft is investing in ride-hailing firm Grab

Tech giant Microsoft said it will invest an undisclosed sum into Singapore-based ride-sharing company Grab as part of a strategic partnership. The two companies will collaborate on various technology projects in areas such as big data and artificial intelligence, they said. Grab will also now use a number of Microsoft products, including its Azure cloud…

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Japan’s SoftBank, Synchronoss, TBCASoft Succeeded in PoC Trial for Mobile Payments Solution

SoftBank, which is Uber’s biggest shareholder, succeed in PoC in collaboration with Synchronoss Technologies and blockchain firm TBCASoft. Japan’s telecom group SoftBank, along with software company Synchronoss Technologies (SNCR) and blockchain-oriented firm TBCASoft, successfully completed a Proof of Concept (PoC) trial for a new cross-carrier mobile payments solution that relies on the Rich Communications Services…

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