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Grab-Uber: A deal which will disrupt more than the ride-hailing industry
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Uber's sale of its business in South-east Asia to rival Grab has several implications on the taxi industry in Singapore.
PHOTO: AFP
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SINGAPORE - American ride-hailing company Uber's sale of its South-east Asian business to arch rival Grab - as first reported by Bloomberg - should not come as a complete surprise.
In a world which has seen a proliferation of ride-hailing providers in the last five years, Uber needs to retreat to focus on markets where it enjoys dominance.
