Uber has announced its acquisition of FlyTaxi, a Hong Kong-based online cab-hailing platform. This move aims to expand Uber's taxi services ahead of new ride-hailing regulations set to be implemented later this year. Uber states the acquisition is part of its commitment to support the taxi industry and create more economic opportunities for drivers.

Uber has announced it is acquiring the Hong Kong-based online cab-hailing platform FlyTaxi to expand its taxi services, ahead of the implementation of a regulatory regime for ride-hailing services later this year. In a statement on Friday, Uber said that its acquisition of FlyTaxi was part of its commitment to help grow the taxi industry and provide “greater economic opportunities” for drivers. It also said that FlyTaxi would continue to operate as normal and that nothing would change for...