Uber buys Hong Kong cab-hailing app HKTaxi, marking first exit for Beyond Ventures

From left to right: Estyn Chung, general manager of Uber Hong Kong, and Kay Lui, co-founder of HKTaxi.

Uber Technologies has acquired HKTaxi, a mobile app that connects taxi drivers with riders in Hong Kong, to couple the firm’s local knowledge and engineering strength with its global R&D and operational capabilities, the ride-hailing giant announced on Friday.

The acquisition will not have any immediate impact on drivers or riders using the HKTaxi or the Uber app, it said in a statement. The move is expected to “accelerate the growth” of Hong Kong’s taxi industry and “underscores the city’s role as a regional startup and mobility hub.”

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