Uber Technologies and Singapore’s top taxi operator ComfortDelGro will launch a new ride-hailing service in Singapore starting from Friday, January 19, as they team up against their key regional rival Grab.
UberFLASH will connect riders to drivers closest to them—either a private vehicle or a taxi, is the first collaboration between the firms since they said in December that ComfortDelGro would buy a 51% stake in Uber’s Singapore car leasing unit, Lion City Rentals.
The deal comes at a time when Uber’s new Asia Pacific chief is prioritising collaborations with traditional taxi firms. It is expected to give Uber a leg up in its battle for market share with Grab, Southeast Asia’s dominant ride-hailing player.
ComfortDelGro operated about 13,700 taxis in the city state as of November, official data shows, which is more than the fleet of all the other taxi companies combined. Uber’s Lion City Rentals has a fleet of about 14,000 vehicles.
Full Content: Channel NewsAsia
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI