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Singapore's competition watchdog issues interim measures to stop Grab, Uber merger - Business News

News Summed Up 2018-04-13 05:30:00

According to social media site Rappler, Uber Asia Pacific chief business officer Brooks Entwistle said: "Our funding is gone. "Uber has been very clear that it has exited South-east Asia, with no more assets or staff," he said. I think this means that we should no longer expect the same level of funding, operations and customer support on the Uber app to be what it was before. "According to the commission, Uber started transferring assets - such as historical trip data - immediately after its sale to Grab. "She added the LTA was for a market which is "open and contestable, and no single operator dominates the market to the detriment of commuters and drivers".