The recent acquisition of Uber Technologies Inc's Southeast Asian operations by fierce rival Grab has stoked fears of a monopolistic entity taking control of the regional ride-hailing service. Critics say that with competition poised to drop, so will consumer benefits and choice.
Ride-hailing services throughout Asia have long relied on discounts and promotions for consumers and incentives for drivers, with tough competition helping to push down profit margins.
But Grab's acquisition of Uber is set to pave the way for huge profitability and the possibility that consumers might have to bear the brunt of Grab's greater control of setting fare prices.
