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Business trends

Slumping Singapore taxi operator chases mobility trend

ComfortDelGro launches $100m venture fund as it plays catch up to mobility apps

 ComfortDelGro has seen profits shrink with the proliferation of ride-hailing apps such as Grab. (Photo by Keiichiro Asahara)
KENTARO IWAMOTO, Nikkei staff writer | Singapore

SINGAPORE -- With ride-hailing disrupting the traditional transportation business, Singapore's largest taxi operator has started investing in startups to acquire the latest mobility technologies.

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