Uber CEO: We don't have time to focus on products

According to foreign media reports, Uber Technologies Inc., a US taxi service company, has not acquired a company, and there is no plan to change this non-acquisition strategy. This is Uber CEO Travis Kalanick spoke when he was asked if the company might acquire the car-sharing service startup Lyft Inc.

Kalanick, the co-founder of Uber, said today at the Disrupt SF conference in San Francisco, a well-known technology blog site, TechCrunch, "We are not in the state of acquisition." When interviewed at the conference was asked if he would acquire Lyft Kalannik said, "Uber has not acquired a company. Our focus is on products. We have operations in 45 countries. We don't have time to spend on mergers and acquisitions."

The competition between Uber and Lyft has been increasing. In the developing mobile taxi subscription service market, the two companies compete for not only the drivers but also the consumers. The two startups based in San Francisco, USA, accuse each other of adopting each other. Intense means to compete for new drivers. Lyft said last month that Uber employees canceled 5,000 car bookings, while Uber said that Lyft was responsible for 12,900 taxis.

Uber was founded in 2009 and has since expanded its business to more than 40 countries. The company recently received a round of $1.2 billion in financing, which brought its valuation to $17 billion. Kalanick said Uber created 50,000 jobs a month. He said that Beijing has become the fastest growing market for Uber. When referring to the challenges faced by his company at the beginning of his business, Kalanick said, “In China, I have developed smoothly. It is like a home to me.” Uber consumers use their own smartphones to book high-end car services. The new taxi sharing service Uber Pool. In addition, the company is also focusing on markets other than passenger transportation, such as logistics. Uber offers bicycle delivery services in New York and trial operations in Nashville, the capital of Georgia and the capital of Tennessee.

Uber hired David Plouffe as senior vice president of corporate policy and strategy, responsible for policy and political activities, branding and communication. Promethy was the campaign manager for Obama’s 2008 presidential campaign. Kalanick compares the taxi booking and the taxi sharing market to a political campaign. The main rival here is the traditional taxi industry, and the challenger is the latecomers Uber and Lyft who are still in their infancy.

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