High Tech > Business

Singapore watchdog fines Grab, Uber $9.5 mn over merger

4 monthes ago   |   By Phys.org

Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors.
Read more ...

 

Singapore fines Grab-Uber $9.5M over 'anti-competitive' merger

4 monthes ago   |   By ZDnet

Competition and Consumer Commission of Singapore says the ride-sharing operator adopted anti-competitive actions following its merger with Uber's regional operations, and fines each company more than S$6 million for the infringement.
Read more ...

 

Uber and Grab fined $9.5 million for 'mergers that harm competition' - Roadshow

4 monthes ago   |   By CNET

Singapore's competition watchdog has come down hard on the ride-hailers for hurting competition.
Read more ...

 

Uber and Grab hit with $9.5M in fines over ‘anti-competitive' merger

4 monthes ago   |   By TechCrunch

Uber and Grab have been hit with combined fines of $9.5 million after their merger deal was found to have violated Singapore's anti-competition laws.
Grab acquired Uber's Southeast Asia business in March, but the Competition Commission of Singapore today declared the deal is “anti-competitive” following a months-long investigation into its impact on Singapore.
The CCCS levied an SG$6,582,055 fine on Uber and an SG$6,419,647 fine on Grab, but it won't unwind the deal, which had been an option. The fines relate only to the businesses in Singapore, which is just one of eight markets where...
Read more ...

 

Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh

Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh

4 monthes ago   |   By TechCrunch

Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh - the South Asian country that's home to 160 million people - where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao's closest rival, Shohoz , has also pulled in investment after it closed a $15 million funding round.
Shohoz - which means ‘easy' in Bengali - started in 2014 offering online bus ticket sales before expanding into other tickets like ferries. The startup moved into on-demand services in January when it added motorbikes and then it...
Read more ...

 

Singapore competition watchdog fines Grab, Uber $9.5 million over merger

4 monthes ago   |   By Reuters

Singapore's anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer.
Read more ...

 

Singapore competition watchdog fines Grab, Uber $9.5 million

4 monthes ago   |   By Reuters

Singapore's competition watchdog fined ride-hailing firms Grab and Uber Technologies a total S$13 million and announced other measures to address competition concerns arising from the two companies' merger in the city-state.
Read more ...

 


Search by Tags

   Business      Asia      Collaborative Consumption      Business      Grab      Singapore      Southeast Asia      Uber      Apps      Funding      Fundings & Exits      Bangladesh      Dhaka      Didi Chuxing      Food delivery      Go-jek      Golden gate ventures      Pathao      Transport      TechnologyNews  


Nintendo of America president Reggie Fils-Aime retires: Here's his goodbye...

Nintendo of America president Reggie Fils-Aime retires: Here's his goodbye message

It's the end of an era over at Nintendo of America today, or at least it will be soon. Nintendo of America president Reggie Fils-Aime announced his retirement today, and though... Read more ...

Apple credit card could be next services conquest

Apple credit card could be next services conquest

For quite some time now, Apple has been looking to reduce its reliance on device sales by making money in other ways, particularly through fee-based services. Some of those... Read more ...

The Tesla Model 3 just lost Consumer Reports' recommendation

The Tesla Model 3 just lost Consumer Reports' recommendation

Tesla and Consumer Reports' love-hate relationship looks set to take another negative spin, with the nonprofit rescinding its recommendation of the Model 3 over reliability... Read more ...

Netflix officialise la suite de The Haunting of Hill House

Netflix officialise la suite de The Haunting of Hill House

Le nom officiel n'a en revanche pas été communiqué ! Read more ...

Typesy uses games to double your typing speed for $20

Typesy uses games to double your typing speed for $20

Whether you're writing the next best-selling software or coding the next big mobile app, typing will be one of your most valuable skills. However, time is money, and if your... Read more ...

AT&T pulls ads from YouTube over predatory comments on children

AT&T pulls ads from YouTube over predatory comments on children

AT&T has pulled all advertising from YouTube while the streaming service deals with issues regarding predatory comments being left on videos of children, according to CNBC... Read more ...

Verizon will launch 5G in 30 cities this year

Verizon will launch 5G in 30 cities this year

Verizon finally offered some details about its 5G launch this morning: it plans to deploy the next-gen wireless technology in 30 cities by the end of 2019. The carrier didn't... Read more ...

HP's President's Day Sale Continues With up to 56% off Select Products...

HP's President's Day Sale Continues With up to 56% off Select Products - Deal Alert

In honor of President's Day, HP's online store has slashed prices up to 56% on various items, with free shipping included. On the list is the HP Pavilion Laptop - 15T which has... Read more ...

This ridiculous new flamethrower makes Elon Musk's look like a cigarette lighter

This ridiculous new flamethrower makes Elon Musk's look like a cigarette lighter

The XL18 Flamethrower is a flame-shooting beast on steroids, capable of firing off bursts of flame more than 110 feet in length. The best part? You can order it over the... Read more ...

Google I/O 2019 ticket draw is open: What you need to know

Google I/O 2019 ticket draw is open: What you need to know

Last month, Google announced that its I/O 2019 event will take place in early May in Mountain View, California. In an update today, the company revealed that it has opened its... Read more ...