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Stock impact report

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

Grab Holdings Limited (GRAB) 
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 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 this month. It didn't say how many taxis in the territory, which are controlled mainly by local companies, had signed up, meaning initial service is likely to be limited. Uber expects to offer robotaxi services in more than 10 markets by the end of 2026, with potential new locations including Hong Kong Show less Read more
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