< BACK TO MAIN BLOG 26th September 2018 Breaking down ‘chim’ finance knowledge into manageable pieces so you don’t have to. You can contribute your thoughts like Ruth here.

In March earlier this year, Grab announced its merger with competitor Uber, taking over Uber’s Southeast Asian operations.

Just six months after the announcement, the ride-hailing giants have been handed a S$13million fine by Singapore’s competition watchdog. Here is a timeline of events in the past 6 months.

Timeline adapted from Straits Times Graphics

The Competition and Consumer Commission of Singapore (CCCS) said the merger resulted in a “substantial lessening of competition” in ride-hailing platforms which made it harder for new competitors to enter the market and resulted in higher prices.