SoftBank Group CEO says to invest $2 bln in ride-hailing app Grab

FILE PHOTO – A Grab taxi drives on a street in Hanoi, Vietnam October 29, 2018. REUTERS/Kham

JAKARTA (Reuters) – Japan’s SoftBank Group Corp (9984.T) will invest $2 billion in ride-hailing app Grab, its chief executive, Masayoshi Son, told reporters in Jakarta on Monday.

SoftBank will also help the Southeast Asian technology company build a second headquarters in the Indonesian capital, Son said.

Reporting by Agustinus Beo Da Costa; Writing by Kanupriya Kapoor; Editing by Christopher Cushing


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