ComfortDelGro-Uber tie-up suggests more consolidation

LAST week, taxi giant ComfortDelGro confirmed its highly-speculated alliance with San Francisco ridehailing startup Uber. This is a bold, once-unimaginable development between a transport incumbent and disruptor - which only points to further consolidation in the sector and more benefits for consumers.

ComfortDelGro said last Friday that it is taking a majority 51 per cent stake in Lion City Holdings, Uber's rental car business in Singapore. Valued …