Uber sells Southeast Asia business to Grab after costly battle – Reuters

Uber sells Southeast Asia business to Grab after costly battle – Reuters

Channel NewsAsia

Uber sells Southeast Asia business to Grab after costly battle
Reuters
SINGAPORE/SAN FRANCISCO (Reuters) – Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the U.S. company's second retreat from an Asian market. A view
Uber's CEO says the sale of its Southeast Asian business doesn't mean wider consolidationCNBC


Uber CEO says there will be no more global exit dealsTechCrunch
Uber's defeat in Southeast Asia calls into question its “barge in” expansion strategy worldwideQuartz
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