SINGAPORE (Reuters) – Singapore’s anti-trust body proposed fines on ride-hailing firms Grab and Uber, provisionally finding that their merger had reduced competition and suggesting remedies such as the sale of their car-leasing businesses. The Competition Read more…
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers Read more…
SINGAPORE (Reuters) – Southeast Asia’s Grab on Tuesday launched Grab Ventures, its innovation arm to develop technology start-ups in sectors such as transport, food services, logistics and financial services, further expanding beyond ride-hailing. Grab, which Read more…
Ride-hailing firm Grab launched a beta service of GrabFood in Singapore, as part of a broader plan to make the Grab app an “everyday app” for essential daily services: transport, food, delivery, and payments. The Read more…
HANOI (Reuters) – Vietnam’s Ministry of Industry and Trade said on Friday it had launched an in-depth investigation into ride-hailing company Grab’s takeover of Uber Technologies’ Southeast Asia business after an initial probe found it Read more…
MANILA/KUALA LUMPUR (Reuters) – The Philippines and Malaysia said on Monday they will look into whether Uber Technologies’ move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began Read more…
SINGAPORE (Reuters) – A mix of concern and disappointment met Uber Technologies’ deal to sell its Southeast Asian business to bigger regional rival Grab, as drivers and users of the ride-hailing firms took in the Read more…
SINGAPORE/SAN FRANSICO (Reuters) – Ride-hailing firm Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the US company’s second retreat Read more…
SINGAPORE (Reuters) – Southeast Asia’s Grab has teamed up with Japanese credit card company Credit Saison to provide loans and lending services in the region, marking the ride-hailing firm’s biggest expansion into financial services. Their Read more…
Ride-hailing firm Grab has unveiled GrabCycle Beta, a marketplace app that will bring partners oBike, GBikes, Anywheel and Popscoot into a single app. Grab also announced Sentosa as its first GrabCycle Venue Partner, as part Read more…
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