Uber General Manager Estyn Chung announced a plan to shift the Asia Pacific headquarter to Hong Kong from Singapore and to build a scientific research and engineering center in Hong Kong, as the company remains upbeat on the city's long-term economic outlook despite all kinds of headwinds.

Along with the beginning of economy revival across the world, the ride hailing service provider has delivered a business turnaround in Hong Kong, where the order volume sprang back to 70% of the level before the outbreak of coronavirus pandemic.

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The company’s bottom line has been significantly hurt by orders to stay at home during this health crisis. In an email to employees, chief executive Dara Khosrowshahi said that Uber's rides business plunged by 80 per cent in April.