4 Uber Competitors Just Partnered To Make Global Travel Easier

Uber Competitors Unite

Uber’s competition is getting stronger thanks to strategic partnerships that have strengthen infrastructure and increased client size.

Four ride-hailing companies from around the world announced on Thursday that they were forming a partnership.

“Lyft and Chinese firm Didi Kuaidi announced a partnership in September that will make it easier to hail rides while visiting either country. Now, Southeast Asia’s GrabTaxi and India’s Ola Cabs are entering the mix as well,” CNN Money reports.

Under the partnership is will be possible for Lyft customers to travel to China, India or Southeast Asia, and hail a ride using the Lyft app, and pay in U.S. dollars. Customers traveling in the opposite direction will be able to do the same.

The company’s say their partnership will make “global travel simpler.”

The four economy sharing companies combine to cover almost 50% of the world’s population with their various services.

Bhavish Aggarwal, cofounder and CEO of Ola, said in the announcement that it will enable the four firms to learn from each other and “build better mobility solutions in our respective markets.”

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In the meantime, Uber is pouring billions of dollars into Asia, particularly in China and India.

The four companies have raised $7 billion while Uber has raised more than that on its own.

Written by Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies. He can be reached at College Reviews.