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Uber, Lyft Face New Rival, As Asia Rideshare App Plans U.S. Entry

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Uber and Lyft may soon have a new U.S. competitor. The Vietnamese rideshare company Green and Smart Mobility (GSM) plans a U.S. and European expansion by the end of this year. GSM is partnered with Vietnam’s largest automaker VinFast (VFS), which supplies all of the service’s vehicles. GSM is owned by VinFast CEO Pham Nhat Vuong. The plan is to…

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