AdvertisementAdvertisementBusinessMotorbikes belonging to food delivery riders parked outside Century Square in Singapore on May 17, 2021. (Photo: Gaya Chandramohan)21 Oct 2026 05:01PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST TAIPEI: Taiwan's Fair Trade Commission said on Wednesday (Oct 21) it had blocked Grab's purchase of Delivery Hero's Foodpanda delivery business in Taiwan, citing competition concerns.Grab, Southeast Asia's biggest ride-hailing and delivery firm, said in March it would pay US$600 million in cash for the Foodpanda delivery business in Taiwan, in its first expansion outside the region.The Fair Trade Commission said the harm to competition from the proposed deal outweighed its overall economic benefits, and that the commitments offered by the companies were "insufficient to eliminate the competition concerns".Grab said it was disappointed by the decision. "Grab's core business across Southeast Asia remains robust. We will continue to focus our capital and resources on executing our growth roadmap and empowering communities across our regional footprint."Delivery Hero said in a statement that under the terms of the transaction, it has appropriate deal protections, including a break fee arrangement, subject to certain conditions.Source: Reuters/nhNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.NewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.NewsletterMorning BriefSubscribe to CNA’s Morning BriefAn automated curation of our top stories to start your day.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST