Uber to buy cab-ordering platform FlyTaxi ahead of ride-hailing regulation
Uber has announced plans to acquire FlyTaxi, a cab-ordering platform, as part of its strategy to strengthen its position ahead of upcoming ride-hailing regulations. The acquisition aims to expand Uber's presence in regional markets and enhance its technology for dispatching traditional taxis. Financial terms of the deal were not disclosed.
- ▪Uber is acquiring the cab-ordering platform FlyTaxi.
- ▪The acquisition is intended to bolster Uber's services before new ride-hailing regulations take effect.
- ▪FlyTaxi specializes in connecting users with traditional taxi services through its app.
- ▪The deal emphasizes Uber's strategy to integrate more taxi fleets into its platform.
- ▪Specific financial details of the acquisition have not been made public.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.