Resumo:Recent news of Alibaba Group's US$3 billion investment into ride-hailing company Grab is the latest of its ventures in Southeast Asia as it looks for global expansion.
Recent reports about Alibabas US$3 billion investment into Grab has raised speculation about the terms of the investment as well as the merits and the challenges of this potential major tie-up.
The Alibaba Group has long desired to become a global brand.
Speaking at the World Economic Forum in Davos in 2015, Jack Ma made publicly known that the Groups goal is to serve two billion consumers, and detailed its intentions of becoming a global company to achieve that aim.
Armed with technology, experience and capital as well as a strong track-record, Alibaba, Ant - previously known as Ant Financial - and other affiliate companies have made multiple attempts to build up their presence in markets, including Southeast Asia and India.
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