188bet Online Sports Betting and Casino’s bad news isn’t over yet,Grab, its biggest rival in Southeast Asia, recently launched a new financing round of US.5 billion。

In addition to previous rounds of investors Tiger Global and GGV Capital (GGV) continue to invest，Japan’s SoftBank Group (SoftBank) became the leading investor in this round of financing，Preparing to invest US billion in Grab。

Informed sources said，It is currently unknown whether this 1 billion comes directly from Japan’s SoftBank，It is also the 0 billion Vision Fund led by SoftBank。

No matter where the money comes from，What is certain is，Grab’s round of financing provides sufficient reserves for its international expansion and competition with 188bet Online Sports Betting and Casino。

According to Grab,This company provides mobile taxi hailing、Ride-sharing and other travel services have expanded to six countries in Southeast Asia、More than 30 cities。

Last week，Grab also said that it is preparing to enter the seventh country, Myanmar。

Indonesia, the most populous country in Southeast Asia，Grab’s main competitors except 188bet Online Sports Betting and Casino，Also local company Go-Jek established in 2010。There is no essential difference in the services they provide，They all transport passengers from the starting point to the destination。

Specific to the breakdown of travel items，Grab now has traditional taxis and domestic private cars in popular sense，GrabHitch is also available、Rideshare GrabShare、Long distance shuttle GrabShuttle etc.。

Follow Didi、Same as 188bet Online Sports Betting and Casino，All these services are integrated into Grab mobile app。

However, followGo-JekCompared，Grab is still limited to travel services in Indonesia。Go-Jek has extended its services to door-to-door cleaning、Takeaway、Massage and other O2O fields。

Go-Jek’s service areas

Only 6 months since last funding round，Grab’s financing amount has doubled。This can provide sufficient support for its international expansion。

After 188bet Online Sports Betting and Casino completed two rounds of financing in June and July last year，No new progress yet。Multiple markets are put into operation at the same time，Preventing 188bet Online Sports Betting and Casino from burning money with large-scale subsidies like before。

Before all funds are consumed，188bet Online Sports Betting and Casino’s most important thing is to improve sustainable profitability。

*Source: Curiosity Daily, author Zhang Zhiwei, original title "188bet Online Sports Betting and Casino rival Grab raises another .5 billion，It is not easy to win the Southeast Asian market》.