The Official Blog
As everyone knows taxi business is recently witnessing several advances in the industry, there are n number of ride-hailing apps that exist in the market today. The e-hailing apps like Uber have altered radically the entire taxi booking process into a much easier one when compared to the traditional booking system.
Uber is grown to be one of the most desired taxi service providers using a smartphone app in recent times. The reason for the boost of the business is that they offer prompt service with superior comfort. Taxi drivers can use their own cars to offer taxi services and give a 20% share to Uber.
Uber being an online transportation network company, they develop and operate the Uber app which allows the passengers to find the nearby taxi, book a trip request, get notifications on Uber driver’s status, GPS tracking, automatic fare calculation based on the distance traveled, online payment, and so on. Uber has changed the way of other limousine business service providers as the app allows the passengers to book the limo from their Android or iPhone devices.
The popular taxi service, Uber, sold its Chinese operation to rival, Didi Chuxing. The move brings an end to the long standing rift between the two. It soon followed with mixed reactions from investors & analysts. Here are four key reasons as to why Uber, China gave in to Didi chuxing.
Uber Stops Negative Cash Flow
Uber,China, had reportedly spent over $2 billion during the last two years to win the 20% of market share.