SINGAPORE: Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China's Didi Chuxing and Japan's Softbank, as it strengthens its lead over rival Uber.

Didi, China's ride-hailing leader, and mobile giant SoftBank will invest up to $2.0 billion while $500 million is expected to come from other new and existing investors.

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