atans1

Why Grab can give finger to S’pore govt

In Public Administration on 06/10/2018 at 7:34 am

(Update on 9 October 20180 at 10am: Microsoft has invested in Grab. Amt is reported to be US$200.)

S’pore mkt is irrelevant to Grab.

SoftBank will soon increase its commitment to Grab by pouring an additional $500m into the south-east Asian ride-hailing company, after the Singapore-based firm announced it is looking to raise about $1bn before the end of the year.

FT

Remember

Singapore’s competition watchdog has fined Grab and Uber a total of S$13 million over their merger, saying that the deal has led to the substantial eroding of competition in the ride-hailing market.

Read more at https://www.channelnewsasia.com/news/singapore/grab-uber-fined-after-merger-deal-competition-watchdog-10751522

And this is a lot of bull

The fall from grace of “digital darling” Grab serves as a cautionary tale for digital disruptors, after its Uber takeover left riders and drivers up in arms over price hikes and lower incentives.

https://www.todayonline.com/singapore/fallen-grace-grab-could-learn-hard-way-if-it-does-not-change-its-ways-report

But what to expect from constructive, nation-building media?

  1. the male and female founders are both m’sians, why isn’t their company based in kl, m’sia ?

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