My friend started his Grab and Uber business at the latter part of last year. According to him there's a significant decrease on the demand for both when this year came. But nevertheless it still generate a good amount of money for them. Only the downside is that of their driver's as the incentive is not that much as before and the quota even got higher.
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Well, it's very significant that more people are buying brand new cars to enroll at Uber or Grab. Meaning, there's really an income out of it.