Uber recently sold its Southeast Asian business to rival Grab. Uber will take a 27.5% stake in Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. Many billed the retreat as another failing for Uber. But I see it as the mark of success of the Southeast Asian startup ecosystem.
from Forbes Real Time https://www.forbes.com/sites/outofasia/2018/04/18/what-does-grab-uber-deal-tell-us-about-southeast-asias-startups-local-knowledge-really-does-matter/
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