Uber pulls out – of Thailand & Southeast Asia

That’s something one doesn’t hear often in Thailand. A foreigner pulling out. Global transportation communication heavy weight Uber however now decided on said move, making it the third time (after China and Russia) in history that big bad Uber is turning its back on a huge user base and leaving it to their immediate rival. In Southeast Asia that means Uber is selling all its business to Singapore based rival Grab. They won’t receive any money for it, but a stake (around 27%) in the company. Which is probably a…

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