#Uber yugatech

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. This is oppose to what Uber claimed that they differ from traditional taxi services. The case revolves around UberPop, an inexpensive ride-hailing service feature in several European cities that allow drivers to use their own car without a taxi license to pick up passengers. Despite Uber's argument that "it's a technology platform  connecting passengers with independent drivers, not a transportation company subject to the same rules as taxi services", top EU court have forced to cease operation of UberPop in most major European countries in favor of UberX, which requires drivers to have a license. Read more in our articles including "Uber to sell Southeast Asia units to Grab" and "European Union rules Uber should be treated like Taxi".