Malaysia’s public sector pension fund invests in Uber

Malaysia’s public sector pension fund invests in Uber

Malaysia’s public sector pension fund Kumpulan Wang Persaraan (KWAP) has invested in the ride-hailing and on-demand delivery company Uber. The size of the investment is not huge – $30m – but it is the fund’s first direct investment in a foreign company.

Travis Kalanick, Uber’s CEO and co-founder, commented: “We are delighted that KWAP of Malaysia, one of the biggest pension funds in Southeast Asia, is investing in Uber. Malaysia has demonstrated its forward-looking position in embracing new technology to help solve transportation challenges and create more economic opportunities.”

Uber launched its services in Malaysia in early 2014 and currently operates in Kuala Lumpur, Johor Bahru, Penang, Ipoh, Kota Kinabalu and Kuching.

 

Relevant Directory Listings

Listing image

Spectos GmbH

The Spectos Group, headquartered in Dresden, Germany, is an independent and internationally acknowledged company in the fields of market research, data analytics, technology, digitization and operations. Spectos supports its customers with tailor-made B2B solutions for the monitoring, management and design of their service quality in […]

Find out more

Other Directory Listings

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

Have letter volumes plateaued in the UK or will they continue to see a decline?

Thank you for voting
You have already voted on this poll!
Please select an option!



Pin It on Pinterest

Share This