Grab, Uber receive $9.5m slap on the wrist from Singapore competition regulator

Grab, Uber receive $9.5m slap on the wrist from Singapore competition regulator

Photo: Grab

Singapore’s anti-trust commission on Monday fined Grab and Uber a combined $9.5 million, ruling that the former’s takeover of the latter’s Southeast Asia operations had substantially decreased competition in the ride-hailing market.

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