Car-hailing firm Uber is putting the brakes on its taxi and van services in Hong Kong, effective from Monday, citing the need to shift focus to the ride-sharing business and phase out underused services.
The decision comes hot on the heels of Uber's plan to pull out of the Macau market on September 9 due to an increasing crackdown on the operator by the enclave's government.
But Hong Kong's taxi trade yesterday noted that instead of pulling out of the city, Uber was expanding its ride-sharing services, which posed a bigger threat to their business.
A spokesman for Uber in Hong Kong said local taxi and van services – both deemed as "non-core business" for the popular ride-hailing firm – would be available only until Sunday. However, the company will continue providing its other ride-sharing platforms.
"We are realigning our offerings to focus on the ride-sharing options on our platforms UberX and UberBlack, which are used by the vast majority of riders and drivers, and part of the realignment is that some options that are not as commonly used will be phased out," the spokesman said.