Taiwan regulator blocks Grab's purchase of Foodpanda business
· Tech · Taiwan · Singapore
Taiwan's Fair Trade Commission blocked Grab's purchase of Foodpanda's delivery business in Taiwan on Oct 21, citing competition concerns. The decision prevents the Singapore-based ride-hailing and delivery group from expanding its share of Taiwan's food-delivery market through the acquisition. It is a setback for regional consolidation in the platform-delivery sector, where regulators are increasingly scrutinising deals that could concentrate local markets.
Why it matters:The veto shows Asian regulators are willing to block platform mergers, shaping how delivery and ride-hailing groups grow across the region.
Key points
- Taiwan's Fair Trade Commission cited competition concerns.
- The deal covered Foodpanda's Taiwan delivery business.
- Grab is headquartered in Singapore.
Sources (original reporting)
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