A Chinese tech giant Timesaco is launching its Tatu Mobility operations in Karachi. Delivery and ride-hailing cab services will be launched in the provincial capital. The company plans to invest $600 million in Pakistan.
The company has already launched its services in Islamabad and Rawalpindi and now it is launching services in Karachi.
The founder and the CEO of the company Donald Li said, “Tatu Mobility has already launched its online cab service in Islamabad and Rawalpindi with the name of Timesaco. Tatu Mobility is going to start its operation in other cities as well. Tatu Mobility will start online cab service and digitisation of the current transportation network in Pakistan. We are set to launch our service in Karachi this month.”
Mr. Li said that in the first phase the company will launch its service for digitalizing the present transport network.
He was asked what are opportunities that Karachi has to offer and how this new ride-hailing company in Pakistan plans to survive considering the growing competition in the market. To this, he referred to some of the offers that the Chinese company will be offering to its business partners that would set it apart from the others.
Mr. Li., said, “Tatu Mobility offers 97 percent share of earning to its drivers or captains of online cab service. Other companies are offering 70pc to 75pc. We are facing competition but our focus is not just on the profit side; Tatu Mobility wants to restructure and digitize the current transport system. In its initial phase, Tatu Mobility intends to invest $600 million in Pakistan and gradually investment will be increased based on the market.”