We used to have independent cabbies who owned licenses for their cabs. They didn't have to pay rent because they owned their taxis and enjoyed higher income. Today, taxi licenses are owned by various corporations and the taxi driver becomes a renter. When times are good, his taxi rental is raised so that the corporations can make more profits. There is a corporation in the middle to collect rent. Rent that the taxi driver half his working hours to cover.
Stalls food courts used to be rented out individually to mom and pop stalls. It was hard work but these stalls that make enough to support a family. Today an increasing number of foodcourts are own and operated by corporations who hire low wage workers (mostly from China) to serve and cook the food. Prices are high and the food is (sometimes?) bad and most of it goes towards the profits of corporations who now control an increasing number of food courts.
Recently, it was reported that that there is an increasing number of wet markets that has been taken over by big corporations[Link] who have purchased these markets from the owners. The plan is to either convert them into supermarkets or air-conditioned markets. The customers don't want it as they are likely to end up paying more and the stall holders will lose their livelihood.
While corporatization very often is beneficial because it introduces economy of scale and efficiency, in many cases it merely converts income of small scale independent businesses into profits of large corporations without benefit to the consumers.