From ride-hailing to fintech: Grab's journey in the fast lane

Singapore-based Grab Holdings said Tuesday it plans a US listing after merging with the investment fund Altimeter Capital Management in an operation that values the firm at $39.6 billion. In 2018, Grab cemented its position as Southeast Asia's biggest ride-hailing firm when it bought Uber's operations in the region, ending a bruising battle for market share with its US-based rival.