Sorry, no results were found for

The Most Disappointed Reactions To Uber Exiting Southeast Asia

'Grab, nearing goal of ride-sharing monopoly'
by John Paulo Aguilera | Mar 13, 2018
Most Popular

Get ready for longer wait times, following news of ride-hailing service Uber pulling out of Southeast Asia and rival Grab acquiring its regional operations.

The former will then purchase a stake in the latter, which is said to be around 20 to 30%—the same way the California-based utility took over ride-sharing company Didi Chuxing in China two years ago.

Nanyang Technological University associate professor Zafar Momin was quoted by Tech Pilipinas: "I give Grab a lot of credit for executing well. They understand the local context better. Uber has been more about duplicating whatever they do in other parts of the world, and adapting a little bit."

Uber has yet to release an official statement regarding the matter, but the move is seen as a resolution to the intense transport standoff in a Southeast Asian market that is still growing (population: 600 million). Just here in the country, ride-hailing and carpooling apps have become a way of life for people who want to avoid the hellish daily commute. 

Continue reading below ↓

So it wasn't surprising to see local netizens express their disbelief upon learning about this unfortunate development.


Some are concerned with the looming "ride-sharing monopoly," especially with the consensus that Grab has a lot of room for improvement when it comes to quality of user experience.

MORE FROM FHM.COM.PH

The longing is very palpable. The word "goodbye" was thrown around a lot.

We feel you, bro.

 

View other articles about:
Most Popular
Latest Stories
Most Popular