Grab is adding bike-sharing to its ride-hailing service in Southeast Asia\r\n\r\nGrab, Uber\u2019s chief rival across Southeast Asia, appears to be getting into bike-sharing after plans for a joint service with oBike surfaced in Singapore.\r\nLast week, an eagle-eyed resident in Singapore shared photos of Grab Cycle bikes \u2014 which show an oBike logo, too \u2014\u00a0being loaded into a van. Grab declined to comment when we asked about an integration, but it wouldn\u2019t be a huge\u00a0surprise since it is an investor in oBike, as we reported back last year, and you\u2019d expect there to be a strategic element to that relationship.\r\nThe companies did, however, announce today that oBike will integrate GrabPay, Grab\u2019s mobile payment service, into its app. There was also a heavy hint at other imminent collaborations.\r\n\u201cThe two tech companies are also working closely together with more joint initiatives in the pipeline to improve the on-demand transport infrastructure in Singapore. Details of these initiatives will be revealed in the coming weeks,\u201d oBike said in a statement.\r\nIt looks like the integration will happen first in Singapore, based on what we\u2019ve seen, but oBike is present in other markets in Southeast Asia so there\u2019s potential for a wider rollout.\r\noBike has raised over $50 million from investors and it claims 10 million users. Impressive though those numbers are, they pale into comparison when compared with Chinese unicorns Ofo and Mobike, which have raised close to $2 billion collectively and expanded to 200 cities worldwide each.\r\nGrab\u2019s tie-in with oBike follows a trend of ride-hailing companies embracing bikes, and it\u00a0is interesting on a few levels.\r\n\u00a0\r\nFor one, oBike competes with Ofo and Mobike, while Ofo itself is backed by Didi Chuxing\u2026 which is an investor in Grab, too. The Didi-Ofo relationship hasn\u2019t worked out too well, with Didi last week launching a service aimed at containing the threat that Ofo poses to its ride-hailing service, but Grab will hope for better.\r\nSecondly, there\u2019s an ICO angle.\u00a0oBike is pushing ahead with a planned token sale through an alliance with controversial crypto project Tron.\r\nTron saw its TRX digital currency surge over 500 percent in a week to reach a total market cap of $16 billion earlier this month, becoming a top 10 cryptocurrency in the process, despite little to no evidence of an actual product.\u00a0The value of TRX \u2014 which is purportedly a platform for the entertainment industry \u2014\u00a0slide from around $0.24 to $0.072 as of today after it emerged that Tron had plagiarized ICO project FileCoin and Ethereum to develop its whitepaper and tech.\r\nIt\u2019s unclear whether Grab, and other oBike investors, are supportive of the ICO, which TechCrunch understands is scheduled to take place sometime in Q1 2017.\r\nUber doesn\u2019t currently offer bike-sharing but its head of Asia told TechCrunch last year that it is looking into options in the space.