Uber rival Grab makes first major acquisition to build out its payments platform

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 Grab, Uber’s biggest rival in Southeast Asia, has completed its first major acquisition after it bought up Indonesian startup Kudo to boost its nascent mobile payments platform. Neither party is giving a figure for the size of the deal, which was first rumored in February. Initial reports at the time suggested Grab would pay over $100 million for Kudo, but two sources close to the… Read More