Uber acquires rival Fly Taxi in Hong Kong, Sing Tao reports

Uber has acquired the main remaining alternative taxi-hailing app in the city. Acquired five months before Hong Kong’s new ride-hailing licences are expected to come into force, the move locks in Uber’s consolidated position before competitors Didi, Tada and Amap can use the licensing transition as an opening.

Uber is acquiring Hong Kong’s Fly Taxi, the city’s main remaining alternative taxi-hailing app, according to a Sing Tao Daily report cited by Bloomberg on May 1.

The transaction has not yet been independently confirmed by Uber, by Fly Taxi, or by other Western wires, and the financial terms have not been disclosed in the available reporting.

If the deal closes as Sing Tao describes, it consolidates Uber’s position in Hong Kong’s taxi-hailing market five months before the city’s new ride-hailing licensing regime is expected to come into force.

Fly Taxi, locally branded ‘Fly Taxi ...