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Grab-Gojek merger: Regulators should act now or forever hold their peace
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Grab is estimated to have more than 60 per cent of Singapore's ride-hailing market, while Gojek probably has less than 20 per cent.
PHOTO: LIANHE ZAOBAO
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SINGAPORE - It looks like ride-hailing firms Grab and Gojek are merging. Or one is acquiring the other.
Wire news agencies have reported that the two have been in talks since February this year. Now that Covid-19 has ravaged the business landscape, there is yet another reason for joining forces, rather than continuing to compete head-on and erode each other's margins.
