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SG’s Tada launches beta ride-hailing service in HK

Singapore-based ride-hailing service Tada has announced its beta launch in Hong Kong starting Thursday.

It will operate in key areas, including Hong Kong Island, Kowloon, and the international airport. Users will have payment options via cash or credit card.

The company employs a zero-commission model, allowing drivers to retain their full earnings.

In collaboration with Mox Bank, a subsidiary of Standard Chartered, Tada will offer promotional rewards up to HK$380 (US$48.88) for new riders.

Discounts include 12% off the first five rides and reduced rates for airport trips.

Recent TADA developments

Timeline
11-Oct-2023 📈 In 50 Words: Tada parent firm MVL’s revenue soars 300% to $20m in 2022
  • MVL reports $20M revenue, up 300% in 2022
  • Losses down 45% to $3.9M; plans to enter Thailand
06-Oct-2023 📈 Tada parent firm MVL posts over 300% jump in revenue, moves closer to profitability
  • MVL’s revenue surged 300% to S$27.5 million.
  • Plans to enter Thailand and improve financials.
20-Apr-2023 🥡 Foodpanda, Tada team up for deals in SG and Cambodia
  • Foodpanda and Tada partner for new benefits.
  • 30k users get discounts in Singapore and Cambodia.
21-May-2020 🚖 Ride-hailing startup Tada closes extended series A round
  • MVL raises nearly $10M in series A extension
  • Funds to expand Tada and launch new services
02-Dec-2019 📅 Korean ride-hailing service Tada to face court hearing over regulatory issues

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