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Grab's Proposed Merger with Foodpanda Has Drawn Criticism From Student Groups Who Fear It Will Weaken Market Competition.
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Grab, Southeast Asia's leading food delivery company, is planning to acquire foodpanda's Taiwan operations, but the Fair Trade Commission is expected to reject the acquisition by October 27 at the latest. On October 7, a student group released an open letter expressing concerns about potential market competition due to cross-shareholdings between Grab and Uber, as well as cybersecurity concerns. Meanwhile, competition in the US food delivery mar…
·New York, United States
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