Toyota invests $1 billion in one of Asia’s biggest ride-sharing companies

With investments from Didi Chuxing, Hyundai Motor, Honda Motor and its recent acquisition of Uber’s Asia business, Grab has been slowly cementing its dominance in the sector. To give you a sense of its magnitude, Grab revealed it owned a whopping 95 percent chunk of third-party taxi hailing in Southeast Asia, and handled 71 percent …

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