Singapore Halting Sale of Uber Southeast Asia, Orders Continued Independent Operations

Singapore Halting Sale of Uber Southeast Asia, Orders Continued Independent Operations

On Monday we learned that Uber was selling its Southeast Asia business to Grab and shutting down operations in Singapore, Thailand, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, and Vietnam in two weeks. Not so fast says the government of Singapore says the deal reduces competition in the market for “chauffeured personal point-to-point transport passenger and booking services.” In a fairly unprecedented move (“This is the first time CCS has proposed an IMD on any business in Singapore”) they’re directing the parties to continue to operate separately and not to even share confidential information while it continues its investigation. I’d love to see Uber continue to contest these markets, or at least Singapore. I’m not sure what it would look like to sell out their business in other markets in Asia but not Singapore, and if they did that how practical it is for Singa...

Full article: https://viewfromthewing.boardingarea.com/2018/03/31/singa...

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