ジャンボリーカジノ Invests in Grab Inc, Southeast Asia's Largest Ride-hailing Service Platform
-First Investment for Company's "Next Technology Fund"-

  • (former)Chemicals & Electronics

2017-08-30

カジノオンライン ("Toyota Tsusho") announces that it has invested in Grab Inc ("Grab") as part of efforts to accelerate business in a new mobility service sector

With advancements in digital technologies and increased use of smartphones and other mobile devices over recent years, many countries and regions around the world have seen a rapid increase in the adoption of on-demand transportation services, such as ride-hailing services and taxi dispatch services New transportation services like these have expanded rapidly across Southeast Asia where they are quickly taking hold as a new mass transportation medium, particularly in countries where the public transport infrastructure remains underdeveloped

Founded in 2012, Grab is Southeast Asia's leading on-demand transportation and mobile payments platform, with 95% market share in third-party taxi-hailing and 72% in private vehicle-hailing Grab operates the largest transportation network in Southeast Asia and is one of the most frequently used mobile platforms in the region with nearly 3 million daily rides Today, Grab offers the widest range of on-demand transportation services in the most markets in Southeast Asia, with more than 55 million app downloads and over 12 million drivers in 87 cities across 7 countries ジャンボリーカジノ conducts a range of automobile-related business within Southeast Asia, including automobile sales, service and telematics Through this new investment, Grab and ジャンボリーカジノ hope to expand strategic alliances in a new mobility service sector Both companies plan to investigate collaborative businesses going forward, including connected service development, vehicle supply and insurance

In April 2017, ジャンボリーカジノ created an organization for developing and expanding next-generation automobile-related businesses Called the Next Mobility Development Department, this new specialist team operates companywide under direct control of the Chief Technology Officer to work with everyone at the company to accelerate the development of new mobility businesses ジャンボリーカジノ also established a Next Technology Fund to open up new markets and invest dynamically in innovative technologies, products and services in every field where the company operates At the same time, it also set up the Next Technology Fund Department to operate the fund This new investment in Grab represents the first project for the Next Technology Fund

Going forward, ジャンボリーカジノ will continue with its strategic efforts to respond quickly to rapidly changing market environments

Outline of ジャンボリーカジノ
Company name
ジャンボリーカジノ Inc
Home base
Singapore
Established
June 2012
Representative
Anthony Tan, co-founder & CEO
Business overview
Ride-hailing service and mobile payment
Countries of operation
Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam and Myanmar



The information in this release is current as of the date of announcement
Please note that information may change after the date of announcement Thank you in advance for your understanding

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