Uber and Grab no more? LTFRB needs brains

**uls** · March 26th, 2018 12:05 PM

Uber to take 27.5% stake in Grab

Uber CEO to join Grab’s board

Grab to take over Uber’s operations and assets in Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam

**shadow** · March 26th, 2018 12:11 PM

It's official.

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**uls** · March 26th, 2018 02:09 PM

this is Uber's 3rd overseas retreat after China and Russia

yabang kasi ng uber

masyado aggressive business style nila

they barge into cities and quickly recruit as many drivers as they can and starting operating without permission

by the time regulators catch up they're already popular with the riding public

when regulators push back, uber banked on popular support to pressure regulators to be lenient

well it didn't work out as uber hoped

they spent a ton of money paying fines

aside from the cash burn, they faced competition from homegrown companies that have more local/regional knowhow

"too many battles across too many fronts and with too many competitors"

CEO email to uber staff

A New Future for Uber and Grab in Southeast Asia | Uber Newsroom

Team:

See below for some news out of Southeast Asia. I want to thank the team there for everything theyÂ’ve built over the last five yearsÂ—this deal is a testament to their hard work.

It is fair to ask whether consolidation is now the strategy of the day, given this is the third deal of its kind, from China to Russia and now Southeast Asia. The answer is no.

One of the potential dangers of our global strategy is that we take on too many battles across too many fronts and with too many competitors. This transaction now puts us in a position to compete with real focus and weight in the core markets where we operate, while giving us valuable and growing equity stakes in a number of big and important markets where we donÂ’t.

While M&A will always be an important value-creation tool for our company, going forward we will be focused on organic growthÂ—growth that comes from building the best products, services and technology in the world, and re-building our brand into the mobility brand that riders, cities and drivers want to support and partner with.

Onward,

Dara

**shadow** · March 26th, 2018 02:23 PM

Alisin dapat ng Grab yun makikita ng driver yun destination ng passenger.

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**chronicle** · March 26th, 2018 02:26 PM

Ano mangyayari sa mga naka uber registered na kotse? Carry over din ba?

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**shadow** · March 26th, 2018 02:42 PM

Originally Posted by chronicle

Ano mangyayari sa mga naka uber registered na kotse? Carry over din ba?

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Cross over Siguro. Two weeks na lang yun Grab App magagamit.

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**chronicle** · March 26th, 2018 02:58 PM

Originally Posted by shadow

Cross over Siguro. Two weeks na lang yun Grab App magagamit.

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Good. At least di magkaka gulatan na walang masakyan mga tao. Heheh

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**Monseratto** · March 26th, 2018 04:25 PM

Originally Posted by shadow

It's official.

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Grab, Uber to merge Philippine operations | Money | GMA News Online

According to Grab, there will be a two-week transition period for Uber drivers to migrate to the Grab platform.

“The Uber app will continue to operate for two weeks to ensure stability for Uber drivers, who can find out how to sign-up to drive with Grab online,” it said.

“Uber Eats will run until the end of May, after which Uber delivery and restaurant partners will move to the GrabFood platform,” Grab Philippines said.

Uber drivers migrating to the Grab system will get full support.

“We are very excited to welcome Uber drivers to our Grab family. They have our full support and resources in this time of transition,” Cu said.

“We will continue to work and collaborate with the Department of Transportation (DOTr), Land Transportation Franchising and Regulatory Board (LTFRB), local government units and other stakeholders to constantly find ways to improve our services,” he said.