Uber Shuts Down 13-Year-Old FlyTaxi
Ride-hailing giant to integrate services into its own platform by year-end, refunding drivers' points and balances
Uber is shutting down FlyTaxi, a metered cab platform it acquired in Hong Kong, and will integrate its services into its own platform by the end of the year. This is the second local taxi-hailing platform to cease operations after being acquired by Uber, following HKTaxi last year.
The stand-alone FlyTaxi app will be shut down as part of the integration, with Uber aiming to provide "optimal" support for drivers and users through the transition. FlyTaxi, which is 13 years old, will see its services fully merged into Uber's platform, with drivers encouraged to switch to the larger ride-hailing service.
Uber has reassured drivers that their accumulated points and account balances on the FlyTaxi app will be fully refunded. The company is guiding every rider and driver through the transition period to ensure a seamless ongoing service.
## What happens next The integration of FlyTaxi's services into Uber's platform is expected to be completed by the end of the year. Drivers will have access to a larger client base and more earning opportunities on the Uber platform.
## Why it matters The shutdown of FlyTaxi marks another significant development in the ride-hailing market in Hong Kong. With Uber's acquisition and integration of local taxi-hailing platforms, the company is strengthening its presence in the region. The move is likely to impact the local taxi industry, with drivers and users adapting to the changes brought about by the integration.
Uber's decision to shut down FlyTaxi and integrate its services into its own platform is a strategic move to consolidate its position in the market. The company's aim to provide "optimal" support for drivers and users through the integration underscores its commitment to delivering a seamless and efficient service to its customers.
