Grab-Uber: A deal which will disrupt more than the ride-hailing industry

Uber's sale of its business in South-east Asia to rival Grab has several implications on the taxi industry in Singapore. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.