Uber's retreat to focus elsewhere a sensible move

American ride-hailing company Uber's sale of its South-east Asian business to arch rival Grab - as 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 in some places to focus on markets where it enjoys dominance.

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A version of this article appeared in the print edition of The Straits Times on March 26, 2018, with the headline 'Uber's retreat to focus elsewhere a sensible move'. Print Edition | Subscribe