I always had the sneaking suspicion that the deal was merely an exit strategy for uber, seeing as they were making losses in the SEA region. Turns out to be true. The old bait and switch strategy. I vested in Cdg because it has good fundamentals but sadly it has terrible management.
Reply to @thatsasecret : There is a reason why grab can survive in Singapore, with very little resistance from regulators. Without strong backing, grab would have been wipe out
I always had the sneaking suspicion that the deal was merely an exit strategy for uber, seeing as they were making losses in the SEA region. Turns out to be true. The old bait and switch strategy. I vested in Cdg because it has good fundamentals but sadly it has terrible management.
Reply to @thatsasecret : There is a reason why grab can survive in Singapore, with very little resistance from regulators. Without strong backing, grab would have been wipe out
its like the CDG ceo's did was not invited to the peach party of Temasek...
https://shentonwire.net/2018/03/26/dbs-not...
Here is another different view of the deal...