CHINA TOPIX

Grab Scores Major Investment Deal With Honda

Phenny Lynn Palec   |

Dec 12, 2016 10:00 PM EST

Japanese auto giant Honda recently announced that it is investing in Grab, the ride-sharing service widely held as Southeast Asia’s answer to Uber. Financial details of the deal were not disclosed. However, many industry analysts said that it is part of Honda’s strategy to broaden its market into the growing ride-sharing industry.