Grab Receives US$2 Billion Investment From Japan’s SoftBank And China-based Didi Chuxing

2 billion (RM8.57 billion) in investment monies from Japanese telecoms company SoftBank, and Chinese ride-hailing application Didi Chuxing. According to Bloomberg’s analysis panel using their in-house technology reporter Lulu Chen, this investment circular would be the largest single financing round for consumer technology ventures based in Southeast Asia. Grab will be using the funds to broaden to different locations, and to deal with legislation costs, and address the inner workings of its online payment methods. Currently, Grab is available in seven countries across the sea, with 1.1 million motorists using the platform.

Besides the private-car and taxi cab hiring options we see in the neighborhood iteration Grab offers motorbike taxis and shuttle bus services, with respect to the region you’re in. In the framework, Didi Chuxing acquired Uber China in August 2016. Didi Chuxing is the result of two rival car-hailing applications coming together (they were back by giant Chinese tech firms, Tencent and Alibaba). 38 on Forbes Global 2000. The position can be a sign of the top 2000 public companies in the world.

“Despite the growing pains of a boutique firm, most respondents think that Putnam can’t be beaten in conditions of culture and work-life balance. Putnam offers many of the quality of life benefits and growth opportunities of a small firm, unlike many small firms yet, it will pay on an even that a few of its consultants can’t believe even. Among boutiques, ghSMART, Cornerstone Research and the Keystone Group came of nowhere to rank 4th out, 5th, and 7th respectively. At the same time, LeapPoint raised from 24th to 6th in the Boutique position.

Two perennial heavyweights, Clearview Healthcare Partners and the Brattle Group, also fell from the Top 10 10. Aside from Putnam, several boutiques posted top scores in quality of life and work categories. Included in these are Formal Training (Health Advances), Interaction with Client (ghSMART) and Work-Life Balance (Eagle Hill Consulting). While Keystone Strategy didn’t rank among the Top 10 boutique firms, Maldonado ranks it alongside Putnam as a company to watch for 2020, highlighting it as an example of development for others to follow.

“Perhaps it’s this firm’s focus on the technology sector – a business that is constantly evolving – or the scrappy startup-mentality of the firm, but Keystone receives near universal praise for its focus on creativity,” he observes. “Internally, the entrepreneurial culture of the company fosters creativeness and promotes consultants to think outside the container in the solutions they show clients. Outwardly, Keystone Strategy’s focus on a few of its most prominent clients continues to thrive on the leading edge of the tech industry. In economics, it is stated that a ‘increasing tide increases all boats.’ The same could be said for prestige in the consulting industry certainly.

  • Assist clients in negotiating debt and equity agreements with prospective lenders and investors
  • Land Your First Job
  • $3,000 invested in a 4-year CD
  • Currency risk: if your “neutral” currency is not the US$
  • 1 U.S. money = 1.5961 Canadian dollars
  • These do not take into account inflation through the years or the fluctuations of stock investing
  • Any kind of cash, open up or individual accounts where you can purchase an investment

Nine of the very best 10 firms appreciated improved Prestige scores. Why are the wealthy getting even richer? Maldonado attributes it to some other industry losing ground over the past decade. “Because the financial crisis consulting has gained ground versus investment bank when it comes to industry prestige. Before, banking and consulting went head-to-head in the skill wars, but consulting could be reported to be winning that battle nowadays.

This trend proceeds even today, as the best banking institutions still often make negative headlines, whereas the big consulting companies have mostly avoided negative headlines. Looking for another example of how dominant McKinsey is in the consulting space? Look beyond the 14 practice areas that Vault actions no. When survey respondents were asked to list the best companies in their respective practice areas, McKinsey accumulated the most votes in nine practice areas: Economic, Energy, Financial, Healthcare, Management, Operations, Sales, and Marketing, Retail, and Strategy.

The company also rated in the Top 10 in the rest of the five categories. However, McKinsey wasn’t the only consulting company to be the business lead vote-getter in some category. Accenture duplicated that feat in IT Operations and IT Strategy. Lockheed Martin (Defense), Mercer (RECRUITING), and Booz Allen Hamilton (Public Sector) also topped their respective industries.

What’s more, the 2019 practice area ranking mirrored the 2018 listing, with all 14 industries featuring the same company near the top of the list. Bain consultants kicking back after another successful day. Don’t worry, McKinsey finds plenty of competition in the practice areas from the usual suspects. Both BCG and Bain ranked among the Top 15 consulting companies in all 14 areas as well.