ride-hailing services

SINGAPORE (Sept 24): The Competition and Consumer Commission of Singapore (CCCS) has fined Uber and Grab a total of $13 million after the merger of the ride-hailing firms was judged to have led to a “substantial lessening of competition”.

(June 13): Toyota Motor Corp. will buy a US$1 billion ($1.3 billion) stake in Grab in one of the largest investments by a carmaker in a ride-hailing provider, underscoring the push by the auto industry to move from manufacturing to services.

(July 25): Uber Technologies Inc. is at risk of losing out on another big chunk of the global market.