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Riding hailing company Grab raised £1.5bn (bn) from Didi Chuxing and Softbank in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber out of China.The deal cements an alliance between Soft Bank, Didi and Grab, which competes against Uber in markets from Malaysia to Thailand.Southeast Asia, a region on the cusp of an e-commerce boom with twice as many people as the US, remains a wide-open field that could prove pivotal if Uber is to sustain growth beyond the US and Europe.When it closes, the current investment in Grab will eclipse a previous regional record of £574m set in September, in a round said to have given it a valuation of more than £2.2bn.But the textured synthetic leather makes for good control and the unique lacing system means striking the ball with the top of your foot feels easier.The ankle-height, sock-like design gives good support, too. Buy now More like a slipper than a traditional boot, the Adidas X-16 feels unlike anything on the market.
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The local players have thus far shown greater initiative in terms of launching services such as digital payments, said Ajay Sunder, vice president of digital transformation at Frost & Sullivan in Singapore.