Uber is planning to sell its Southeast Asia division to its competitor, Grab. This move is alike to Uber's strategy in China wherein the company sold its ride-hailing operation to Didi for 20 percent ownership, as well as in Russia where the company combined its local business with Yandex's ride-hailing business for a 37 percent share. Uber's tie-up with Grab would play into SoftBank's efforts to exert greater control over the global ride-sharing market. SoftBank also owns shares in Grab, Didi, Ola (India), and 99 (Brazil), and is eyeing interest in Lyft, Uber's main rival in the US. And if your only competitive advantage, or the only reason you can be in a market is because you can spend money, that's not exactly a reasonable proposition," said Uber CEO Dara Khosrowshahi. Just like Facebook's Year in Review 2017, Uber also rolls out its very own Year with Uber wherein users get to watch their trip history into a personalized year-in-review music video. Year with Uber is available in all Asia Pacific Regions. Just a few hours ago, Uber Philippines released a statement on their blog, answering users' growing question: Why has it been difficult to book an Uber lately? Read more in our articles including "Uber to sell Southeast Asia units to Grab" and "Year with Uber: watch your trip data into personalized animated music video".
Uber is planning to sell its Southeast Asia division to its competitor, Grab. However, no…
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Jun 12, 2016Uber is planning to sell its Southeast Asia division to its competitor, Grab. This move is alike to Uber's strategy in China wherein the company sold its ride-hailing operation to Didi for 20 percent ownership, as well as in Russia where the company combined its local business with Yandex's ride-hailing business for a 37 percent share.
Uber's tie-up with Grab would play into SoftBank's efforts to exert greater control over the global ride-sharing market. SoftBank also owns shares in Grab, Didi, Ola (India), and 99 (Brazil), and is eyeing interest in Lyft, Uber's main rival in the US. And if your only competitive advantage, or the only reason you can be in a market is because you can spend money, that's not exactly a reasonable proposition," said Uber CEO Dara Khosrowshahi.
Our coverage of uber ph includes: "Uber to sell Southeast Asia units to Grab"; "Year with Uber: watch your trip data into personalized animated music video"; "This is why booking an Uber has been difficult lately". Each article provides unique insights and information.