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Stock impact report

Uber Enters First Asian Market in Years With Macau Relaunch [Yahoo! Finance]

Grab Holdings Limited (GRAB) 
Company Research Source: Yahoo! Finance
Riders from Tuesday will be able to book and pay for taxis in the city using multiple languages, the company said in a statement. It's also offering a limousine service between Macau and neighboring Hong Kong, though trips must be booked 24 hours in advance. Most Read from Bloomberg ICE Begins Buying ‘Mega' Warehouse Detention Centers Across US LA's $1.2 Billion Graffiti Towers Reach Bankruptcy Exit Deal Congestion Pricing's Unexpected Winners: Suburban Drivers Forget Free NYC Buses: Just Build 41 Miles of New Subways Manchester Shows What UK Economic Revival Can Look Like The move marks Uber's first new entry to an Asian market for years. It sold its China business to Didi Global Inc. in 2016 and ceded populous Southeast Asia to Grab Holdings Inc. two years later, but continues to operate in big Asian markets including India, Japan and South Korea. Uber said it's now actively recruiting to get up and running in Macau, including by offering bonuses for trips completed Show less Read more
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