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Business

Honda rethinks motorbike business amid ride-hailing boom

Investment in Singapore's Grab to follow shift away from ownership

The GrabBike motorcycle-hailing service is popular in Southeast Asian countries with crowded streets and underdeveloped public transportation. (Photo by Yumi Kotani)

TOKYO -- Honda Motor's investment in Southeast Asian ride-hailing app Grab under a partnership announced Monday is part of an effort to develop a new business model as the sharing economy threatens the Japanese company's dominance in the region's motorcycle market.

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