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 - sharing reach in Southeast markets while Uber is distracted by fierce rivalries in China ( Didi motors ) 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 $ 13.1bn by 2025 from $ 2.5bn last year , the WSJ reports , citing a recent report from investor and private equity investment firm , Temasek Holdings .