Malaysia scrutinizes Grab's market share after Uber deal
July 12, 2018
Platform Software | Singapore
Malaysia's Competition Commission is monitoring Grab and Uber over fears that the combined operations of the ridehailing rivals could reduce competition in the country, per a Reuters report. The move follows a recently issued statement from the Competition Commission in Singapore that reportedly indicated concerns about market domination and called for Grab to pay unspecified fines. Grab acquired Uber's Southeast Asia operations in late March, with Uber receiving a 27.5% stake in Grab as part of the deal.