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Uber Acquisition Shocker: Why FlyTaxi Could Supercharge Hong Kong Growth!

Uber Technologies has reportedly agreed to acquire Hong Kong-based FlyTaxi, according to Sing Tao Daily, marking a targeted push to deepen its position in one of Asia’s most complex urban mobility markets. The reported transaction price was not disclosed, and FlyTaxi is expected to continue operating normally, with no immediate disruption to existing drivers or passengers on either platform. The timing is notable. Uber entered 2026 with strong momentum after reporting 2025 gross bookings growth of 22% year-on-year, more than 200 million monthly active platform users, $8.7 billion of adjusted EBITDA, and $9.8 billion of free cash flow. Management has also emphasized growth through new products, international expansion, less dense markets, membership, and selective bolt-on M&A. Against that backdrop, FlyTaxi could give Uber a localized Hong Kong mobility layer while supporting its broader strategy of expanding supply density, improving reliability, and increasing marketplace efficiency.