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Uber exits SE Asia in new retreat from global markets

Updated : March 26, 2018 07:49 AM IST

Singapore-based Grab is taking over the ride-sharing and food delivery operations of Uber in the region.
Softbank is also a major investor in Grab, and is known for pushing for consolidation in the global ride-hailing industry.
Uber is the largest firm of its kind with a presence in more than 600 cities.
Uber exits SE Asia in new retreat from global markets

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