MUFG to invest up to $706 mil. in ride-hailing operator Grab

TOKYO - Mitsubishi UFJ Financial Group Inc. said Tuesday it will invest up to $706 million in Southeast Asian ride-hailing app operator Grab Holdings Inc. in a cross-industry alliance to increase its customer reach and expand its financial service business in the region.The parent of Japan's largest bank MUFG Bank will offer its expertise such as financial product development and risk management to the Singapore-based ride-hailing operator which already provides lending, insurance and wealth management services.Separately, Japanese network and system integration service firm TIS Inc. said T…READ FULL ARTICLE