Japan’s SoftBank, run by Masayoshi Son, has invested in GrabTaxi, a ride-hailing service in Southeast Asia2.US$500 million，To help the latter block the expansion of Uber, the originator of global taxi-hailing applications, in the region。

GrabTaxi founder Chen Bingyao disclosed during an interview in Bangkok, Thailand on December 3，SoftBank Internet and Media Company will become the largest shareholder of its company，But no explanation of the equity details。

SoftBank has issued a statement on its official website today，Confirmed the above news。

According to statement issued by GrabTaxi，In the past 14 188bet Online Sports Betting and Casino months，The company has obtained 3..US$400 million in financing。

GrabTaxi’s completion of financing at this time coincides with market rumors that Uber is about to complete a new round of financing，The latter will be valued at a staggering US$40 billion。Currently，Using taxi-hailing apps through smartphones has become a global trend，Various taxi-hailing applications are also developing rapidly，They are all racing to enclose their territory，And become a hot investment spot for major investors。

GrabTaxi was founded in 2012 by Chen Bingyao, who graduated from Harvard Business School，After several years of development，It has become the largest taxi-hailing application service provider in Southeast Asia，The investors behind it also include Temasek Holdings and GGV Capital。

GrabTaxi operates in 17 cities in 6 countries in Southeast Asia，Its network covers 60,000 taxi drivers，Four times more than a year ago。

according to the company，There are currently 500,000 users 188bet sports betting app download using the service at least once a month，Six times more than a year ago，About three taxi messages are received per second。

SoftBank Internet and Media CEO Nikosh Arora said，SoftBank will support GrabTaxi’s development in Southeast Asia。

October this year，SoftBank Internet and Media Company also said it will provide ANI Technologies Pvt.Leading one investment 2.US$100 million in funding。ANI provides a taxi-hailing app called Ola Cabs in India。

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