Grab will pay $6.42m fine over anti competition ruling; Uber appeals CCCS' decision

Uber thinks that CCCS used a 'narrow definition' of the ride-hailing market.

Reuters reported that Uber will file an appeal regarding the decision of the Competition and Consumer Commission of Singapore (CCCS) on its merger with Grab where the watchdog decided to fine Grab and Uber $6.42m and $6.58m, respectively.

According to Uber, CCCS used a ‘very narrow definition of the ride-hailing market and has therefore asked the watchdog to annul its fine, disputing the claim by CCCS that Uber had knowledge that the merger will violate the law but did it anyway.

“To the contrary, our view has always been that in a properly defined market, including at the very least ride-sharing, street-hail taxis and new entrants, the transaction respects the law and does not raise significant concerns,” it said.

It also pointed to Go-Jek’s impending entry into Singapore, which, according to Uber, would be a ‘formidable competitor’.

Uber noted that its appeal is independent of Grab which has decided that it will not appeal on the regulator’s fine decision for them.

Here’s more from Reuters.