“How do we explain that the tiny Grab has managed to ward off Uber for so long?”
Prof. Howard Yu

Size is not everything you need to get ahead in the wired world

Why car-hailing firm Grab is taking on global behemoth Uber and prospering throughout Southeast Asia

Outside Southeast Asia, very few might have heard of Grab. But a lot of ink has been spilled in the region about the fight between the two car-hailing companies and how they have been able to prosper simultaneously.

The world’s most valuable start-up and valued at US$68 billion, Uber has a war chest dwarfing that of Singapore-based Grab, which only amounts to US$4 billion.

With Uber selling off its China operation to Didi Chuxing in August last year, Southeast Asia has become the next must-win battle. Curiously enough, Grab has claimed more than 95 per cent of the market share in places including Malaysia, Singapore, Thailand, Vietnam, Indonesia and the Philippines.

Read more