Uber exits Southeast Asia to Grab (2018)
Uber sold its Southeast Asia ride-hailing and delivery operations to Grab in exchange for a 27.5% stake in the Singapore company. Grab bought market share and scale outright rather than outspending a well-funded rival.
Grab became the dominant ride-hailing player across the region.
It established Grab's pattern of acquiring scale in new businesses instead of growing them organically.
The Atome purchase repeats that playbook in consumer lending: buying a proven operator rather than building the credit business internally.
