Comfort Delgro

[desmondxyz]

I wonder will CD be affected by new upcoming ideas like Uber. I guess the Taxi market will probably be affected.

Anybody heard of Uber before?

Basically it's a company that hire drivers to pick up passenger. Passengers use the Uber App, set pick up location and destination. The driver will pick the passenger up at where he/she is without the need to pay by cash. Everything is cashless and paid via credit card. End of the month, it will be bill to your credit card.

These drivers register under Uber and they do not need a taxi license to operate. They operate in their own vehicle and class into 2 different catergories UberX and Uber.

Uber = More high class and higher CC's car (Eg. Lambo, Rolls Royces) but more expensive.
Uberx = Mid range/Low range class and lower CC's car (Eg. Mist. Lancer)

I got on board once before and had a nice chat with the uncle inside. He said that he earns a certain percentage of the ride. The rest goes to Uber. Sometimes, the fare rates are much cheaper than Taxi rate.

So if Uber really grab a big share in the Taxi market, I wonder how much CD will be affected.

Cheers!
Little Boy
http://littleboyinvestment.blogspot.sg

Uber is a great idea. But I'm a bit concerned about giving my full credit card info including the CVV code while creating the account....