Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Uber Acquires Hong Kong-based Startup Called HKTaxi

Bipasha Mandal
Bipasha Mandal
Bipasha Mondal is writer at TechGenyz

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Uber announced on August 20 that the company had acquired a Hong Kong-based startup called HKTaxi, whose function is similar to that of Uber. In a statement, Uber has revealed that this acquisition will create further earning opportunities for taxi drivers while also providing the riders with greater convenience.

Uber’s experienced and global R&D capabilities have a lot to offer to HKTaxi. In contrast, the start-up could provide Uber with local knowledge, thereby, overall creating a space for growth for both companies.

HKTaxi uses an app that connects taxi drivers with people requesting a ride. Since the start-up was built locally, it has been adopted by many taxi drivers and riders of the Hong Kong area. The startup launched its services almost eight years ago. The services offered by the app included booking, dispatch, and taxi fare e-payment capabilities. Uber has assured us that this acquisition will not lead to major changes.

Kay Lui, Co-founder of HKTaxi said, “We are proud of our hard work in bringing innovation and better service to taxi drivers and riders across Hong Kong. Today’s deal allows us to continue that mission with an even greater impact. Combining our local know-how and startup spirit with Uber’s global experience will build a better taxi industry for all drivers, riders and industry participants.”

Estyn Chung, General Manager of Uber Hong Kong said, “I am excited to welcome Kay and Maff and the entire HKTaxi team to the Uber Hong Kong team, and look forward to jointly driving the adoption of e-hailing in the city. This is a new phase of HKTaxi’s growth, and it is an honour to partner with them in bringing greater innovation and growth to the taxi industry. When people think of Uber they increasingly think of taxis, and this deal only emphasizes the importance we place in the sector, in both Hong Kong and around the world.”

The ride-hailing major also made it clear that the partnership will not lead to any immediate changes for drivers and riders using the HKTaxi or the Uber app.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic