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Sharing Economy

Uber pullout eases strain on Southeast Asia's top taxi operator

ComfortDelGro sees bookings climb as ride-hailing price war subsides

Singapore-based ComfortDelGro has made new fleet investments since Uber and Grab announced their Southeast Asian tie-up.    © Reuters

SINGAPORE -- ComfortDelGro, Southeast Asia's largest taxi company, is regaining momentum after ride-hailing provider Uber Technologies exited the region in a deal with local rival Grab.

On Friday, the company will announce results for the April-June quarter, the first reporting period since the Uber-Grab merger. After recent signs of expansion, the results will be closely watched.

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