Uber retreats from ASEAN – how the tech giant was outplayed in SE Asia

By Chris Larkin, Managing Director, CLC Asia In what was probably one of the worst kept corporate secrets, Uber announced recently it would be selling its South-East Asian business to its major ride-sharing competitor, Grab. Its ongoing stake in Grab notwithstanding, what lessons can be learnt when a paradigm shifting company like Uber retreats from South-East […]