UBER Sells Out to GRAB

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The US based ride hailing tech giant has now sold its south east operations to its Singapore based rival. This comes following deals with its Russian counter parts and China, which is one of the biggest markets in the world.Here’s what’s happened so far:2016 China – sold to Didi Chuxing for 18% stake2017 Russia – sold to Yandex for 37% stake2018 South East Asia – sold to Grab for 27.5% stakeUber has had to face multiple battles across the globe and has been banned in certain countries such as the following:BulgariaDenmarkItalyHungaryAusting, TexasAlaskaLondonVancouver,TaiwanAustraliaThey’re currently running in some cities but are under fire and faces either fines or complete removal from a city/country such as Hong Kong.”One of the potential dangers of our global strategy is that we take on too many battles across too many fronts and with too many competitors,” Uber CEO Dara Khosrowshahi said in an email to Uber staff about the Grab deal.So a couple of questions remain for the users and partners:User:With monopoly of the app ride hailing market, will surge be a common thing and raise prices?Partner:Incentives were in place to get more market share. Now that Uber’s gone, will incentives be gone too?
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