UBER to End Operations on April 8 & Invites Users to Download Grab

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Today, Uber Philippines has sent this email to the riding public:

As it reads:

“We want to share some news with you – Uber will be combining our operations with Grab to lead you in the next chapter of ridesharing in the Philippines and across Southeast Asia

What this means for you: we will be transitioning our services over to the Grab platform by April 8, 2018, so all requests after that date should be made from the Grab app. However, you can still use the Uber app in more than 80 countries around the world.

What you should do:

  1. Download the Grab app here
  2. Create an account
  3. For new Grab riders, apply promo code GRAB4W and take your first Grab ride

For more information on this transition, please visit Uber or Grab.

Thank you, and we look forward to continuing to serve your city with Grab.

Regards,
Uber.”

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% stake
2017 Russia – sold to Yandex for 37% stake
2018 South East Asia – sold to Grab for 27.5% stake

Uber has had to face multiple battles across the globe and has been banned in certain countries such as the following:
Bulgaria
Denmark
Italy
Hungary
Austing, Texas
Alaska
London
Vancouver,
Taiwan
Australia

They’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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