A passenger of Grab bike fixes her helmet next to Uber driver at Manggarai railway station in Jakarta, Indonesia, March 26, 2018. REUTERS/Beawiharta

Grab vanquishes Uber with local strategy, billions from SoftBank

Uber’s deal to swap its business in Southeast Asia for a 27.5 per cent stake in Grab is a vindication for co-founder Anthony Tan’s strategy of tailoring services to local needs and working with incumbent taxi operators instead of against them.

Topic |   Uber

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A passenger of Grab bike fixes her helmet next to Uber driver at Manggarai railway station in Jakarta, Indonesia, March 26, 2018. REUTERS/Beawiharta
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