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Singapore fine is 'minor bump' in Grab's ride-hailing dominance

SE Asian regulators seek to preserve competitive environment following Uber merger

Ride-hailing operator Grab currently controls 80-90% of the Singapore market, according to a June 2018 report.   © Reuters

SINGAPORE -- Anti-trust authorities in Singapore have slapped anti-competitive penalties on local company Grab, whose dominance in the city-state's ride-hailing market has solidified since its merger with the southeast Asian operations of U.S. rival Uber.  

Following the completion of the merger in March, the Singapore-based company holds 80-90% of the city's ride-hailing market, with transport operator ComfortDelGro holding 10-20% and remaining players controlling up to 5%, according to June data from the Competition and Consumer Commission of Singapore.

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