Taxicabs of the United States area. The president of United Cab discourages his drivers from carrying firearms, instead advising them to accelerate the car and crash into a lamppost or even a police car if they are threatened with a gun. Uber is a major competitor to taxi companies, providing on-demand for-hire car service through a smartphone app in many US cities. Uber services are generally treated as black-car services from a legal standpoint and are not generally regulated under Taxi laws. This can cause friction with both local governments and taxi companies. In June 2015, the city council voted unanimously to increase taxi fares;
Tencent HKD 445.5 million (US$57.4 million). On 23 October 2014, Tencent pitched in $145 million for a 10 percent stake in Koudai Gouwu, a Chinese mobile shopping portal. In November 2014, the company announced a deal with HBO which would give it exclusive rights for distribution in China. On 9 December 2014, Chinese taxi-hailing app Didi Dache announced that it had raised more than $700 million in a funding round led by Tencent and Singaporean state investment firm Temasek Holdings. On January 2015, Tencent launched WeBank (China), China's first online-only bank. On 30 January 2015, Tencent announced that it had signed