Grab unveils major investment plans for Vietnam

Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…

Shell launches EV charging stations in Singapore

This is the first such development in Southeast Asia. Clean energy solutions have finally arrived. On Monday, in a first such development in Southeast Asia, Royal Dutch Shell stated, it has launched electric vehicle chargers at petrol stations in Singapore. The electric vehicle charging service, branded as ‘Shell Recharge’, will be available at ten Shell…

Visa invests undisclosed amount in Indonesia’s ride hailing firm Go-Jek

Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…

Hyundai Motor Co invests $250 million in Grab

This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…

Vertex Ventures sinks in undisclosed amount in Hong-Kong based cryptcocurrency exchange Binance

Th investment is aimed at enabling Binance to launch a cryptoexchange in Singapore by the end of 2018. On Tuesday, Singapore state fund Temasek backed Vertex Ventures has invested in Binance – one of the world’s biggest cryptocurrency exchanges – as it prepares to expand operations into the city-state. In a joint statement, the firms…