How Uber Lost The E-Hailing Race In Southeast Asia
Last week, Uber finally announced to nobody’s surprise that their Southeast Asian operations would be sold off to their biggest rival, ride-hailing giants, Grab. As part of the deal, Uber would get a 27.5% stake in Grab and its Chief Executive Officer (CEO), Dara Khosrowshahi will be given a seat on Grab’s board of directors. The announcement comes after months of speculation and rumours of the takeover.