Day: September 14, 2020

Alibaba Is in Talks to Invest $3 Billion in Grab

(Bloomberg) — Alibaba Group Holding Ltd. is in talks to invest $3 billion into Southeast Asian ride-hailing giant Grab Holdings Inc., according to people familiar with the matter.

The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock held by Uber Technologies Inc., one of the people said, asking not to be named as the discussions are private. The deal may represent one of Alibaba’s biggest bets on Southeast Asia since its first investment in Lazada in 2016.

China’s largest corporation has previously had limited forays

One in 3 families don’t own houses in Delhi; half don’t have personal vehicles

One in every three families in the national capital do not own houses and are living on rent, while half of the families do not own a vehicle, a survey conducted by the government said. A study of various ownership patterns of 20.05 lakh households in the capital has found that 32.38% families live as tenants while 48.21% do not own vehicles for personal use. The findings of the socio-economic survey report were prepared by the Delhi Directorate of Economics and Statistics (DES), The Indian Express reported, which had also carried several findings of the survey, held between November 2018

Amazon ropes in Amitabh Bachchan to be Alexa’s first Indian celebrity voice

Piku-starrer will be the first Indian celebrity to voice Alexa.

You will soon be able to talk to Amitabh Bachchan, and that too from the comfort of your home. Amazon has roped in Big B, who needs no introduction, to be Alexa’s first Indian celebrity voice. Come 2021 and you will be able to listen to weather updates, poetries, jokes, advice and motivational quotes from Alexa voiced by none other than Amitabh Bachchan. The experience will be paid and will be introduced next year you’re also free to test the feature. Users will have to say “Alexa, say hello