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Judul : Southeast Asia ride-hailing service Grab says open to more acquisitions
link : Southeast Asia ride-hailing service Grab says open to more acquisitions

Southeast Asia ride-hailing service Grab says open to more acquisitions

PHNOM PENH/SINGAPORE (May 12): Singapore-headquartered Grab is open to further acquisitions after buying an Indonesian online payments startup, one of the co-founders of the Southeast Asia-focused ride hailing service said.

Grab, which competes aggressively with U.S.-based Uber Technologies Inc in the region, sees its future in mobile payments as much as in transport, and acquired Indonesia's Kudo last month. The company did not say how much it paid, but Reuters had earlier reported that it had expected to pay US$100 million.

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