The only silver lining seemed to be that Uber, free of an expensive price war, could focus its resources on other markets, including rapidly growing Southeast Asia. Compared to Grab, Uber feels like it's pushing a business model and an app designed in and for wealthier markets. There's no public data available on Southeast Asia's ride-hailing market, but Grab claims it enjoys a 95% market share in third-party taxi hailing, and a 71% share in private hailing. Indeed, within Southeast Asia, and especially Malaysia and Singapore, it's largely taken for granted that Grab has more cars available (something to which I can personally attest). For Uber, however, this may be the end of the road in Southeast Asia.

Source: Bangkok Post July 27, 2017 08:15 UTC