The acquisition of toy China by Didi Chuxing has encouraged rival Grab to raise $ 1bn in fresh funding from investors , such as Japan ’s investors and others . The company hopes to further establish itself in South East Asia ’s ride - hailing market , set to increase by over 500 % to $ 13.1bn by 2025 .
The acquisition of Uber China by Didi Chuxing has encouraged rival Grab to raise $1bn in fresh capital from investors, such as Japan’s SoftBank and Didi. The company aims to further establish itself in South East Asia’s ride-hailing industry, set to increase by over 500% to $13.1bn by 2025.