Grab, Uber fined nearly 10 million USD

by NDO25 September 2018 Last updated at 19:00 PM

VTV.vn - Singaporean authorities have fined Grab and Uber nearly 10 million USD for violating its competition law during their merging, pushing taxi fares up and restricting opportunities of rivals.

The Competition and Consumer Commission of Singapore concluded that the deal has seriously affected the market in Singapore. Grab has also been told to maintain its pre-merger pricing algorithm and driver commission rates, while allowing its drivers to work with other similar service suppliers.

Grab's representatives in Singapore affirmed that the company finished its deal with Uber without violating the country's competition law.

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