With the Uber purchase, Grab will look to expand its GrabFood food delivery business with the integration of UberEats, making the service available across "all major Southeast Asian countries" within the coming months, starting with Singapore and Malaysia. The value of the deal remains undisclosed.
In a statement by Grab CEO, Anthony Tan said, "Today's acquisition marks the beginning of a new era".
According to mobile data analytics firm App Annie, Grab was ranked fifth among top apps based on monthly active users in Singapore in 2017 versus Uber at No.7.
But Grab, which operates in 195 cities in eight Southeast Asian countries, became the dominant force in ride-hailing, leaving its troubled U.S. rival struggling.
UberCEO Dara Khosrowshahi has been putting efforts to improve the company's financial status which has recorded several losses recently.
Trump passes $1.3 trillion spending bill to avert shut down
The Senate passed the spending bill by a 65-32 vote early Friday after the House of Representatives approved the measure Thursday. It would have been the third shutdown of 2018, something lawmakers from both parties had worked hard to avoid.
How to Celebrate Earth Hour in Monaco
Earth Hour is a movement organized by the World Wide Fund for Nature (called World Wildlife Fund in Canada). EARTH Hour is a worldwide movement led by WWF, taking up the fight against climate change.
Grab (founded in 2012) is now present in 195 cities in eight Southeast Asian countries (Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia) and offers the widest range of on-demand transport services including private cars, motorbikes, taxis, and carpooling services, in addition to food and package delivery services.
Uber invested $700 million in its Southeast Asia business, less than the $2 billion it burned through in China before ceding its operations there to Didi.
But the most important point is about the margins on rides hailed across Southeast Asia, which are likely very low.
In Thailand, ride-hailing services by privately owned vehicles are illegal but many drivers work with both Uber and Grab.
Office workers walk past Grab and Uber offices on Monday.
"A lot of people are used to using Uber, Grab isn't strong yet, Uber is stronger.Grab just arrived", said Krem Sokhom. This exit may suggest that Uber is depending on its success in North America markets and would not put up similar fights outside its local base. The US firm has taken 5.89 per cent stake in Didi.
In theaters now, director Ryan Coogler's Black Panther stars Chadwick Boseman as T'Challa/ Black Panther , Michael B. Set in a dystopian futuristic Japan, dogs have been quarantined on a remote island due to a canine flu.
If we do have a stormy day a week from this Thursday , that would potentially set up for a pleasant Easter Weekend.we'll see. Starting next week on Monday , the rain chances will remain at 20%, but then by Tuesday , the rain chances go up to 30%.
The historic Qantas flight QF9 is the first non-stop scheduled flight from Australia to Britain landed after 17 hours in London . The plane was fitted with special features to minimise discomfort during the journey including measures which minimised noise.
If I were in his place, I would have given first preference to ensure the win of the SP candidate and not of my candidate". We believe Narendra Modi and Amit Shah used the system to make their candidates win.
The film earned praise for its progressive values, mostly black cast, sympathetic portrayal of African cultures, and performances. By April, then, Black Panther will probably pass Spider-Man: Homecoming's Chinese box office gross of $116.2 million.
The app, the party claimed was one-of-its kind, which offers users a "guest mode" that does not require any permission or data. To this, the BJP countered the charge by saying that Gandhi and his party had zero knowledge of technology.
Puigdemont had been visiting Finland since Thursday, but slipped out of the Nordic country before Finnish police could detain him. Puigdemont was stopped near the Danish border with Germany , a spokesperson of his party said on Sunday.
But regardless, it should be noted the Wolverines have done everything correctly this season - win or lose at the Final Four. The crowd included Rudy Tomjanovich, the MI alumnus and former Lakers coach, who watched in Wolverines gear near courtside.
Mary Conditt, 83, said she last saw her grandson in December when he traveled with his family to her house for Christmas. He spent two years there as a business administration major but did not secure a degree, according to the school.
Last week, Trump also forced out Rex Tillerson as his secretary of state, appointing CIA Director Mike Pompeo as his replacement. The suspects are affiliates of Mabna Institute , an organisation based in Tehran.
America's oldest gun manufacturer files for bankruptcy
According the New York Times , " Remington borrowed heavily during that time, including to buy out investors who wanted to leave". Some US retailers have raised the age limit for certain firearms purchases to 21 or stopped stocking semi-automatic weapons.
Chinese oil futures launch may threaten primacy of US dlr
Crude oil futures slipped on Monday, but losses were capped by a rebound in stock markets and escalating Saudi-Iran tensions. This did not stop global commodity trading giant Glencore from buying the Chinese futures on the first day of trading.
Toyworld Mag look at the Toys R Us situation
Outside of MGA, Larian and other investors launched a campaign on GoFundMe for the purchase of assets from the company. The Toys R Us troubles have hurt big toy makers like Mattel and Hasbro, which have been key suppliers to the chain.
Justin Thomas advances to Match Play semifinals
Instead, Kyle Stanley made an 8-foot birdie putt on the 18th hole to win, and then he beat Casey on the second hole of a playoff. That's how you do it in match play. "If I was sick or really sick, me trying to play this week wasn't going to do me any good".
Bank of England sets up its own fintech hub
The Bank noted the recent Brexit transition deal at the rates meeting, but gave no comment on its effect on the economic outlook. As such, the Reserve Bank of Australia (RBA) is now seen as unlikely to be considering near-term monetary policy adjustment.
Donald Trump welcomes Saudi Prince, says Saudi Arabia
Discussion focused on means of developing trade cooperation and technology development between Saudi Arabia and the United States. The two are similar in age - Kushner is 37, while MBS is 32 - and the Trump aide sees the prince as a key ally in curbing Iran.
Spending bill rejects Trump effort to gut water cleanups
Twenty-three Senate Republicans voted againstt it , while 39 Democrats voted for the measure that totaled more than 2,300 pages. Trump also complained the bill does not fully fund "the BORDER WALL, which is desperately needed for our National Defense".
Egypt court bans ride hailing apps, Uber and Careem
Uber has faced regulatory and legal setbacks around the world amid opposition from traditional taxi services. In October, Uber announced United States dollars 20 million of investment in its new support centre in Cairo.
Syria rebels prepare to quit penultimate pocket of Ghouta
The government's crushing offensive killed almost 1,500 people and wounded more than 5,000, according to opposition activists. The government assault triggered a mass movement of people trying to escape the violence in the Damascus suburbs.
Pakistan expats celebrate National Day
Hussain also greeted the forces from Turkey, Jordan and the United Arab Emirates that took part in the parade. The main feature of the day was the spectacular military parade held at the Parade Ground, Shakarparian.
Initially Reported Missing, Iowa Family Found Dead In Mexico
But the extended family waited until Thursday night to call authorities in case the Sharps had problems with their flight. Local reports in Mexico said investigators are trying to determine if food poisoning or a gas leak were responsible.