Singapore
TAXI giant ComfortDelGro Corp and ride-hailing firm Uber have agreed to dissolve the strategic agreement that they entered into last December.
On Friday, ComfortDelGro said it will no longer be acquiring a 51 per cent stake in Uber's wholly owned car rental subsidiary in Singapore, Lion City Holdings. The acquisition, valued at about S$642 million, was dependent on the taxi operator being able to use the Uber app here. But since Uber decided to pull out of the South-east Asian market in March,...