Grab Holdings Ltd (NASDAQ: GRAB) is the largest rideshare operator in Southeast Asia, serving nearly 44 million monthly transacting users (MTUs), also known as "paying users," across eight countries, including its base in Singapore, Indonesia, Malaysia, Thailand, Vietnam, Cambodia, Myanmar and the Philippines.
Computer and technology sector leader Uber Technologies Inc. (NYSE: UBER) sold its Southeast Asia rideshare business to Grab in March 2018 in exchange for a 27.5% stake in the company, which is now speculated to be down to 12.5%.
