Uber-Killer Grab Prepares for War in Asia by Raising $1.5 Billion

2019-3-7 00:31

The cash-grab brings the Singapore tech firm’s valuation up to $14 billion, according to press reports. Singapore-based ride-hailing firm Grab has packed its war chest with $1. 5 billion in fresh equity financing from Soft Bank’s Vision Fund this week.

That’s enough to lift the private firm’s valuation to $14 billion, CNBC reports. Without public data on the firm’s operating revenues and expenses, this estimate remains speculative and should be viewed with some skepticism. Last year, Grab founder Anthony Tan notched a major victory over U. S. A. -based competitor Uber Technologies. Uber surrendered its business operations in Southeast Asia in exchange for a

The post Uber-Killer Grab Prepares for War in Asia by Raising $1. 5 Billion appeared first on CCN

.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Electrify.Asia (ELEC) íà Currencies.ru

$ 0.0002539 (+0.03%)
Îáúåì 24H $106
Èçìåíåèÿ 24h: 3.57 %, 7d: -2.08 %
Cåãîäíÿ L: $0.000242 - H: $0.0002539
Êàïèòàëèçàöèÿ $0 Rank 6592
Öåíà â ÷àñ íîâîñòè $ 0.0019542 (-87.01%)

billion firm grab asia war valuation uber-killer

billion firm → Ðåçóëüòàòîâ: 126


Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?

The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0. 5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the first three quarters of 2018 with only $200 million being generated in Q3.

2019-2-19 16:53


Newsflash: Amazon Trashes Plans for NYC Headquarters, Caves to Pressure from Ocasio-Cortez

Caving to pressure form local politicians and special interest groups, tech conglomerate Amazon has trashed a plan to build a new corporate headquarters in New York City. Amazon Caves to Pressure from Ocasio-Cortez, other Lawmakers The spacious Amazon campus in Long Island City, Queens would have created more than 25,000 well-paying jobs.

2019-2-15 19:58


Ôîòî:

Public pensions are backing a $40M blockchain fund by Morgan Creek

A prominent digital asset firm has revealed it successfully closed a new $40 million blockchain-specific venture capital fund, thanks largely to contributions made by two public pensions. Morgan Creek Digital, a hedge fund backed by institutional powerhouse Morgan Creek Capital, has launched what it calls the Morgan Creek Blockchain Opportunities Fund, geared entirely toward investing in the digital asset industry.

2019-2-12 14:00


Ôîòî:

Public pensions back new $40M blockchain fund raised by Morgan Creek

A prominent digital asset firm has revealed it successfully closed a new $40 million blockchain-specific venture capital fund, thanks largely to contributions made by two public pensions. Morgan Creek Digital, a hedge fund backed by institutional powerhouse Morgan Creek Capital, has launched what it calls the Morgan Creek Blockchain Opportunities Fund, geared entirely toward investing in the digital asset industry.

2019-2-12 14:00


Ôîòî:

Research: EOS is not a blockchain, it’s a glorified cloud computing service

A blockchain testing company claims it has found something quite shocking: EOS, a blockchain protocol that was worth $4 billion a few months ago, may not actually be a blockchain. In a new experiment, benchmarking firm Whiteblock concluded that the EOS token (and its RAM market) is essentially a cloud service for computation – and is built on an entirely centralized premise.

2018-11-1 16:00


Ôîòî:

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51