Vietnamese authorities have launched an investigation into Grab’s acquisition of Uber’s Southeast Asia operations, which has shown signs of breaching local antitrust laws.
The investigation is estimated to take 180 days, starting Friday, May 18, and can be extended by another 120 days, the Vietnam Competition Authority under the Ministry of Industry and Trade said in a statement.
Earlier the same week, the competition authority’s investigation found that Grab’s market share in Vietnam has gone up to above 50% since its ride-hailing rival Uber left the Southeast Asian market last month.
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