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If Uber and Grab merge, it's commuters who lose

Saturday, August 6, 2016 - 05:50

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It's likely business as usual for now for Singapore-based ride-hailing company Grab - even after Monday's baffling announcement of Uber China's sale to arch foe Didi Chuxing (China's dominant ride-hailing firm) in a deal valuing Uber China at US$7 billion (more than triple the US$2 billion Uber has invested in China since 2013) and the combined company at US$35 billion.

IT'S likely business as usual for now for Singapore-based ride-hailing company Grab - even after Monday's baffling announcement of Uber China's sale to arch foe Didi Chuxing (China's dominant ride-hailing firm) in a deal valuing Uber China at US$7 billion (more than triple the US$2 billion Uber

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