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
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 a...
This acquisition fits a familiar pattern in Uber’s global playbook: absorbing local competitors to dominate markets while framing the move as a boon for drivers and riders. The narrative leans heavily on collaboration and innovation, but the timing—just before new regulations—raises questions. Is this a preemptive strike to shape the regulatory environment in Uber’s favor, or a genuine effort to modernize Hong Kong’s taxi industry? The lack of financial transparency and the vague promise of "gre...
