https://www.cnbc.com/2018/03/25/uber-is-said-to-have-agreed-to-sell-southeast-asia-business-to-rival-grab.html

Ride-hailing firm Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company's second retreat from Asia.

The deal, which could be announced as early as Monday, marks the industry's first big consolidation in Southeast Asia, home to about 640 million people, and puts pressure on rivals such as Indonesia's Go-Jek, backed by Alphabet's Google and China's Tencent Holdings.