SINGAPORE -- Singapore's Grab will start selling mapping data to enterprises as it diversifies into a market where existing players like Google have a stranglehold.
In its latest sortie aimed at profitability, Grab, perhaps best known for its ride-hailing service, will license the mapping data it collects from its drivers and users to tech companies, logistics providers and telcos. The company did not give details regarding licensing fees but sees a Southeast Asian market worth $1 billion by 2025, it announced on Wednesday.
