Uber confirms KWAP's investment
Published on: Friday, September 23, 2016
Kuala Lumpur: Uber Technologies Inc has confirmed it received an investment from Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Malaysia's public-sector pension fund. Uber's Chief Executive Chief Executive Officer (CEO)/Co-Founder, Travis Kalanick, said the company was delighted about the investment from one of the biggest pension funds in South-East Asia."Malaysia has demonstrated its forward-looking position in embracing new technology to help solve transportation challenges and create more economic opportunities," he said in a statement Thursday.
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KWAP's CEO, Datuk Wan Kamaruzaman Wan Ahmad, said the investment was part of its efforts to become a diversified global investor."Uber is an exciting company that is changing the way the world moves, and we believe ride-sharing has huge potential to transform the future of mobility," he said.Stay up-to-date by following Daily Express’s Telegram channel.
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