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.
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