Uber is investing its revenue in flying taxis

Uber hopes to launch flying car service by 2020. A previous version of this video incorrectly stated the capabilities of UberAir's flying cars.[from IC]

When Chinese taxi hailing APP Didi is still focusing on making money from taxi drivers and the passengers, Uber is considering lauching a flying car service by 2020. 

The project gained a bit of momentum during a two-day Uber Elevate conference in Los Angeles to discuss urban air transportation.

The San Francisco-based ride-hailing service announced new partnerships with government officials and aviation manufacturers aimed at further developing electrically powered vertical takeoff and landing aircraft, or eVTOL for short. Uber's air taxi would use wing-mounted propellers to provide lift, as with a helicopter, and a tail-mounted propeller to generate forward thrust, as with a plane.

What if one day you can hail a flying taxi in China? Will it become true also by 2020? 

Take a listen to the discussion. The hosts are Ryan Price and Li Ningjing from Studio+, a daily talk show produced by China Plus.