Sunday, December 6, 2015

CIC group drops faster and were vote voted in Southeast Asia took a taxi to

CIC group drops faster and were vote voted in Southeast Asia took a taxi to GrabTax

  According to the Wall Street Journal quoted sources saying, has previously invested in drops of fastest-growing group of CIC (China Investment Corp., CIC) invested in South-East Asia for a taxi GrabTaxi. Jack Ma MA and Li and Lei Why China s Internet

  Thus, China's sovereign-wealth funds become Uber investors of the two competitors in the Asian region.

  Drops quickly once declared before saying, in that round of financing of $ 2 billion before closing and financing have been oversubscribed, so also in the search for a new, probably hundreds of millions of dollars. Later confirmed the financing from the CIC group, and this investment directly to drop fast valuation of more than $ 15 billion.

  According to sources said CIC group is now working with other investors, joined the GrabTaxi new round of financing of $ 400 million. This was a "closed for the second time (the Second Close)" financing, is expected to announce results in recent days, may GrabTaxi valued at between $ 1.6 billion and $ 1.8 billion.

  According to the Wall Street Journal earlier reported that GrabTaxi "first closing" time to raise some $ 200 million from United States hedge fund Coatue lead investor (VC financing usually have "closed for the first time" and "time off" to adapt to the different timing of the investor).

  36 krypton before we reported, there are rumors that drops fast will invest GrabTaxi,36 krypton has not been able to confirm two associated investment.

  GrabTaxi in Uber is trying to cut its local market to gain competitive advantage. Previously, from Japan's Softbank, and United States hedge fund Tiger Global Fund big investments from India Ola Cabs and China drops fast, trying to respond to Uber's global expansion.

  GrabTaxi in 2012 by Malaysia businessmen founded Anthony Tan, the idea came from his Harvard MBA school. In order to adapt to the local market, GrabTaxi will feature extended to motorcycles (locals call TukTuk), this service in Viet Nam, Indonesia and Thailand are called GrabBike. So far GrabTaxi 6 operating in 22 cities in Southeast Asia, and plans to used the new round of funding to continue to expand in Southeast Asia--this is a 600 million people, and the fast-growing market, particularly the Philippines and Indonesia.

  Anthony Tan and closely related to the auto industry, and his great-grandfather was a taxi driver, grandfather and others set up a trading company, will be the first Japan production motor vehicle distributors to Malaysia, is now responsible for Assembly and sale of motor vehicles.

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