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You guys missing the bigger picture. Uber didn't fail in Southeast Asia. The competition was so steep that Uber and Grab were losing a lot of money through aggr
by uvirra 7y ago
You guys missing the bigger picture. Uber didn't fail in Southeast Asia. The competition was so steep that Uber and Grab were losing a lot of money through aggressive marketing. I know how aggressive they were as I'm from Malaysia. So, Uber and Grab came to an agreement, where Uber sold off their business to Grab for 27.5% stake and a seat on the board. It have nothing to do with talent. It's pure business. Instead of lose-lose situation, they created a win-win situation for both.