Singapore: Grab secures strategic investment from Toyota Tsusho

FILE PHOTO - People wait for the start of ride-hailing company Grab's fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su/File Photo

Southeast Asian ride-hailing major Grab on Wednesday announced a strategic investment from Toyota Tsusho, the general trading arm of Toyota Group, as part of an ongoing financing round which is targeting to raise a total of $2.5 billion.

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