Last month, Competition and Consumer Commission of Singapore (CCCS) had slapped a $9.5-million combined fine on Uber and Grab, ruling that the former’s takeover of the latter’s Southeast Asia operations had substantially decreased competition in the local ride-hailing market. Grab was fined $4.7 million (S$6.42 million) and Uber, $4.8 million (S$6.58 million).
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