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Business deals

SoftBank aims for global ride-hailing alliance with Uber stake

Partnerships may emerge with rivals like Didi Chuxing and Grab

Uber's earnings in Asia have been lackluster amid stiff competition.   © Reuters

PALO ALTO, U.S. -- SoftBank Group is readying ride-hailing alliances around the world after taking a 15% stake in Uber Technologies to become the top shareholder. But the Japanese technology giant will have to improve the American company's culture and earnings for its investment to prove a success.

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