SINGAPORE - Ride-hailing firms have agreed with a competition watchdog's finding that Grab's acquisition of Uber's South-east Asian business infringed competition laws.
Mr Terence Zou, chief executive officer and founder of Ryde, a local point-to-point transport application, said the decision by the Competition and Consumer Commission of Singapore (CCCS) was a step in the right direction.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
