GrabTaxi Says It Faces Challenges Expanding in Southeast Asia

GrabTaxi Holdings Pte., the taxi-hailing app operator that just attracted China’s sovereign wealth fund as an investor, said it faces challenges in expanding in Southeast Asia because of the region’s diverse conditions.

GrabTaxi will focus its resources on Southeast Asia and has no plans to expand beyond the region, Cheryl Goh, group vice president for marketing, said in an e-mail. The Singapore-based company is in 26 cities and will be building its “geographical network very aggressively in the coming months,” she said, without giving details.