Operators of ride-hailing platforms and vehicles in Hong Kong will need to apply for renewable rather than permanent licences under a proposed regulatory framework, to prevent speculative trading rampant in the city’s taxi trade, the Post has learned.
An insider on Thursday said the ride-hailing platforms would need to pay for the licences, which have an expiry date.
The number of vehicles operating under each platform would also be capped, and the owner of each vehicle would need to pay for a…

Read More