The Trader 

Market Outlook: Uber exits South East Asia

The Trader

After burning through lots of money, ride-sharing company Uber has agreed to sell its South East Asian operations, with 86 million people signed up in an area with 620 inhabitants, to local rival Grab, Bloomberg reports.  In return the US-based firm will receive 27.5 per cent of the new venture while Grab also gets UberEats thrown in.

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