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.
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 $13.1bn by 2025 from $2.5bn last year, the WSJ reports, citing a recent report from Google and Singapore state investment firm, Temasek Holdings.