Grab raises $856M in latest funding round

On Tuesday, Ming Maa, president of Southeast Asian ride hailer Grab stated, it is raising $706 million from Mitsubishi UFJ Financial Group Inc (MUFG) and $150 million from Japanese IT services firm TIS Inc, as it attempts to expand its footprint in the financial services. “MUFG’s investment into Grab is a vote of confidence in…

China-Russia Investment Fund to sink in $1.28 billion in Russia’s Tushino Project Technology Park

The joint venture is aimed at coming up with solutions and implementing breakthroughs in advanced technologies. On Tuesday, in a joint announcement China’s Tus-Holdings along with Russia-China Investment Fund (RCIF) stated they plan on a joint tech collaboration which will see them investing $1.28 billion in Russia’s Tushino Project Technology Park. In its statement, RCIF…

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