Grab will not monopolise Vietnamese market, true? Vertex Ventures, Grab’s first investor, told VIR in an exclusive interview that the startup will not monopolise the Vietnamese ride-hailing market after its controversial merger with Uber earlier this week. The merger has sparked concerns over the latter acquiring a monopoly over the domestic ride-hailing market. This week, Grab announced its merger with Uber’s ride-hailing and food delivery business in Southeast Asia. In interviews and news releases following the merger, Grab said that it will ensure that rates remain affordable and arrange new positions for Uber's staff members.

Source: VietNamNet News March 30, 2018 03:56 UTC