Grab has spent S$3.2B on acquisitions this year. Most of it is going to one place.

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 06 Oct, 03:52 UTC

It’s spending billions on businesses that could turn financial services into its next growth engine Grab has spent roughly US$2.5 billion (S$3.2 billion) on acquisitions so far this year. Strip out its expansion into Taiwan, and most of that money is going toward one thing: financial services…

Sources

• T2Grab has spent S$3.2B on acquisitions this year. Most of it is going to one place.SEA: e27 / Vulcan Post06 Oct, 03:52