Uber is selling its Southeast Asia business to Grab (update: official)
It's bowing to the region's ride hailing powerhouse.
Uber is reportedly preparing to sell its Southeast Asia business
CNBC reports the deal with Grab could help clear the way for an IPO.
'Partner' Didi Chuxing is freezing Uber out of Southeast Asia
The company just invested in arch-rival Grab, which dominates ride-hailing in the region.
Lyft and partners make it easy to get a ride in Asia
The app just became more useful to jetsetters.
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