Grab asked to provide documents related to Uber purchaseThe Ministry of Industry and Trade (MoIT) of Vietnam has requested Grab to report on its purchase of Uber in the Southeast Asian market, including Vietnam. According to Grab’s announcement to acquire Uber’s Southeast Asia operations, Grab will integrate Uber’s ridesharing and food delivery business in the region into Grab’s existing platform. As part of the acquisition, Uber will take a 27.5 percent stake in Grab and Uber CEO Dara Khosrowshahi will join Grab’s management board. "This deal is the largest-ever of its kind in Southeast Asia," ride-hailing service Grab said in a media release on March 26. Grab is one of the most frequently used O2O mobile platforms in 195 cities in Southeast Asia.
