Ride-hailing rivalry heats up with Uber's recent deal

It signed an exclusive deal with ComfortDelGro.

Uber is trying up its game against Grab with its recent deal with ComfortDelGro.

According to RHB analyst Shekhar Jaiswal, Grab has a 95% market share in third-party taxi-hailing and a 71% market share in private vehicle hailing in the region.

"The addition of ComfortDelGro’s taxi fleet to Uber’s booking system should not only increase the latter’s fleet size, but also make its service offering comparable to Grab’s services," the analyst said.

He added, "We note that Uber has largely been resorting to cheaper fares to compete with Grab in Singapore."

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