SINGAPORE—Uber Technologies Inc. is locked in major tussles with local rivals in China and India, but a homegrown upstart is also grabbing an advantage in the race for another Asia prize. A startup called Grab is winning ride-hailing turf in Southeast Asia—home to 600 million people, almost double the population of the U.S. The startup serves more cities in the region than Uber and, according to mobile-app analytics firm App Annie,...
Singapore-based GrabTaxi is quickly expanding its ride-hailing reach in Southeast Asia while Uber is distracted by fierce rivalries in China (Didi Chuxing) and India (Ola), according to the Wall Street Journal. GrabTaxi has quietly surpassed Uber in the cities it serves in the region, in a market that is expected to grow more than five times to $2.5bn by 2025 from $13.1bn last year, the WSJ reports, citing a recent report from Google and Singapore state investment firm, Temasek Holdings.