, Columnist
Grab Is Looking Heavier by the Day. Thanks, Toyota
That huge investment from a carmaker appears to be influencing the company’s business model, which may not suit all shareholders.
Singapore, you don’t actually need more Grab drivers.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Six months ago I warned that Grab Holdings Inc. may ditch its asset-light model in favor of owning more inventory.
The Singapore-based ride-hailing company had just landed $1 billion in funding from Toyota Motor Corp., and the deal looked a little like vendor financing.