Hong Kong’s leader has rejected a proposal from the taxi industry for the government to repurchase licences that have depreciated in recent years due to competition from online ride-hailing services, claiming that the documents had always given cabbies exclusive rights.
Chief Executive John Lee Ka-chiu on Tuesday also said online ride-hailing was an “irreversible trend”, as he pledged to provide a regulatory framework for such platforms as soon as possible while urging taxi drivers to improve…
