Business

Drivers Protest Attempted Foodpanda Buyout

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By TaiwanPlus

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Food delivery workers are protesting a possible buyout of the Foodpanda delivery platform by Southeast Asian rival Grab, saying the takeover could undermine fair competition. Foodpanda’s top local competitor, Uber, is a major stockholder in Grab, and Taiwan’s Fair Trade Commission has already blocked Uber from an attempted buyout. Protesters also say that Grab’s AI research centers are in China and could provide Beijing with detailed plans of Taiwanese roads. The Commission is set to rule on the buyout bid on October 27.

Foodpanda Takeover Bid

REPORTER:  
Food delivery workers are protesting a possible buyout of the Foodpanda delivery platform by Southeast Asian rival Grab, saying the takeover could undermine competition.

Foodpanda’s top local competitor, Uber, is a major stockholder in Grab. Taiwan’s Fair Trade Commission has already blocked Uber from an attempted buyout. Protesters also say that Grab’s AI research centers are in China and could provide Beijing with detailed plans of Taiwanese roads. The Commission is set to rule on the buyout bid on October 27.

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Controversy Over Proposed Delivery App Buyout

REPORTER:  
Food delivery workers are protesting a possible buyout of app foodpanda by Southeast Asian ride and delivery app Grab—citing both concerns about fair competition and national security.

The Fair Trade Commission is set to rule on the proposed buyout on October 27. Protestors say they worry about the risk of a monopoly, because foodpanda’s chief competitor in Taiwan, Uber, is a major stockholder in Grab. The Fair Trade Commission previously blocked Uber from buying foodpanda because this would lead to one company having over a 90% share of Taiwan’s food delivery market. Protestors are also concerned that Grab’s AI research centers are in China, and that a buyout of foodpanda could give China access to detailed plans of Taiwanese roads.