huober

Huober is a Chinese ride-hailing and transportation network company, founded in 2015. It is headquartered in Hangzhou, Zhejiang province, and operates primarily in China. Huober offers a range of services, including ride-hailing, carpooling, and food delivery. The company's platform connects passengers with drivers through a mobile application, allowing users to request and pay for transportation services digitally.

Huober's business model is similar to that of other ride-hailing companies, such as Uber and Didi Chuxing. It charges a commission fee on each ride, which is typically around 20-25% of the fare. The company also offers additional services, such as carpooling, which allows multiple passengers to share a ride and split the cost. Huober's food delivery service, Huober Eats, connects users with local restaurants and food delivery drivers.

Huober has faced regulatory challenges in China, as the government has implemented strict regulations on the ride-hailing industry. In 2017, the company was forced to shut down its operations in Beijing and Shanghai due to regulatory pressures. However, Huober has continued to operate in other cities across China, and it has also expanded its services to include food delivery.

Huober's revenue model is primarily based on commission fees from ride-hailing and food delivery services. The company has also invested in technology and infrastructure to improve its platform and services. Huober's mobile application is available in both Chinese and English, allowing it to serve a global user base.

Huober's stock is listed on the New York Stock Exchange under the ticker symbol HUO. The company has a market capitalization of over $1 billion and is one of the largest ride-hailing companies in China. Huober's shares have been volatile in recent years, reflecting the regulatory challenges and market conditions in the ride-hailing industry.