Possible Alibaba investment in Grab

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saku98
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Joined: Mon Aug 10, 2020 5:38 am

Possible Alibaba investment in Grab

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Reports of Chinese e-commerce giant Alibaba's move to invest in ride-hailing and delivery player Grab have sparked concerns about market domination by two gigantic players in the Thai market.

The move, in the eyes of the industry analysts, could potentially threaten other key e-commerce players, such as Shopee and JD Central, and dominate retail business in the country.

Bloomberg reported on Monday that Alibaba was in talks to invest US$3 billion (93.5 billion baht) in Singapore-based Grab.

The deal, if successful, would represent one of Alibaba's biggest investments in Asean after its first investment in Lazada in 2016. Under the talks, one of the plans is to integrate Grab's delivery network into Lazada, the media said.

The deal is also expected to open the door for Lazada to tap the huge user base of Grab.

"If Alibaba invests in Grab with $3 billion as reported, this would lead to a combination of Asean e-commerce giant Lazada under Alibaba Group and Grab, a major ride-hailing and everyday use app in Asean," said e-commerce pioneer and angel investor Pawoot Pongvitayapanu. "They could dominate e-commerce in Thailand, including retail business."

The firms could share user databases that range across online merchants and restaurant partners, he said. ยูฟ่าเบท168

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