The ride-hailing startup announced Monday that it has sold its business in eight countries across Southeast Asia to Grab. In return, Uber will get a 27.5% stake in its rival.
Uber previously bailed out of Russia in 2017, and sold off its operations in China in 2016.
The broad retrenchment has raised questions about the Silicon Valley company’s commitment to India, a major foreign market where it has spent over $1 billion.