Uber to buy cab-ordering platform FlyTaxi ahead of ride-hailing regulation
Uber says acquisition of FlyTaxi part of its commitment to help grow taxi trade and provide ‘greater economic opportunities’ for drivers
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In a statement on Friday, Uber said that its acquisition of FlyTaxi was part of its commitment to help grow the taxi industry and provide “greater economic opportunities” for drivers.
It also said that FlyTaxi would continue to operate as normal and that nothing would change for drivers and riders using either the app for Uber or the home-grown taxi-hailing service.
Advertisement“Uber has been investing in Hong Kong’s taxi industry for well over a decade, and this acquisition partnership reinforces our deep commitment to the city,” said Estyn Chung, general manager of Uber Hong Kong.
“By combining FlyTaxi’s local expertise with Uber’s technology, we are empowering drivers to grow their businesses and continuing to give riders the exceptional experience they expect.”
AdvertisementFlyTaxi is a mobile taxi app that connects riders and drivers. Founded by Simon Siu, it served as one of the first online ride-hailing platforms in Hong Kong when it launched in 2013, and remains widely used across the city.
“Joining forces with Uber is a proud milestone for our company, allowing us to leverage global technology to ensure the local taxi industry continues to innovate and thrive,” Siu said of the acquisition.
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