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We all know the impact of the last (price war) had on CDG. Again, if you have competitors who do not have profit-driven motives (at least in the short-medium term), then it is a tough and dangerous path ahead.
Another price war seen in ride-hailing market
A PRICE war will break out again in the ride-hailing industry, even as major player Grab has said it would bank on innovation instead of "promo codes" to compete in the field, observers told The Business Times.
Meanwhile, on Monday, Grab launched GrabFood and unveiled its vision to become an "everyday app" for South-east Asian consumers, a development coming just four days after Indonesia's Go-Jek announced its US$500 million investment to expand into four new markets in the next four months - Singapore, Vietnam, Thailand and the Philippines.
https://www.businesstimes.com.sg/technol...ing-market
Another price war seen in ride-hailing market
A PRICE war will break out again in the ride-hailing industry, even as major player Grab has said it would bank on innovation instead of "promo codes" to compete in the field, observers told The Business Times.
Meanwhile, on Monday, Grab launched GrabFood and unveiled its vision to become an "everyday app" for South-east Asian consumers, a development coming just four days after Indonesia's Go-Jek announced its US$500 million investment to expand into four new markets in the next four months - Singapore, Vietnam, Thailand and the Philippines.
https://www.businesstimes.com.sg/technol...ing-market