Uber is selling its South East Asia operations to rival GrabUber is selling its South East Asia ride-share and food delivery businesses to regional rival Grab. Grab is South East Asia's most popular ride-sharing firm with millions of users across eight countries. But it includes the sale of all of Uber's operations in the region, including food delivery service Uber Eats. Uber's chief executive Dara Khosrowshahi said this was "a testament to Uber's exceptional growth across South East Asia over the last five years". As a result of the merger, the GrabFood service will expand from two to four South East Asian countries by next quarter, Grab said in statement.

Source: VietNamNet News March 26, 2018 03:11 UTC