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Business

Japan's Rakuten invests $100m in Dubai rival of Uber

Careem marks latest ride-hailing investment for e-commerce group

TOKYO -- Rakuten has taken part in Dubai-based ride-sharing startup Careem's latest funding round, the Japanese internet services company said Monday, with an estimated pledge of $100 million.

Careem said it has received $350 million in commitments primarily from Rakuten and Saudi Telecom Co.

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