Before Grab acquired Uber, what type of market structure did Grab and Uber operate in? Why did Uber make loss along the years?

https://www.straitstimes.com/business/companies-markets/grab-buys-ubers-south-east-asia-business-uber-gets-275-stake-in-grab

https://www.todayonline.com/singapore/big-read-why-grab-uber-deal-making-some-uneasy

1, Before Grab acquired Uber, what type of market structure did Grab and Uber operate in? Why did Uber make loss along the years? Oligopoly for private car market (two players: duopoly) Characteristics 0 A few players have significant market share (research) - Selling similar good/service Relatively high barrier of entry (research) Interdependent kinked demand curve 0 Reduce price, sales donot increase substantially. - Graph the loss