https://www.theguardian.com/technology/2018/mar/26/uber-to-sell-south-east-asia-business-to-competitor-grab

US ride-hailing firm will take 27.5% stake in Asia-based Grab and its CEO will join Grab’s board

Ride-hailing firm Uber has agreed to sell its south-east Asian business to bigger regional rival Grab, marking the US company’s second retreat from an Asian market.