Hong Kong transport authorities will “actively explore” the secure storage of ride-hailing data ahead of new regulations for the industry due to take effect in August, as part of efforts to ensure compliance with national security requirements. Secretary for Transport and Logistics Mable Chan on Monday stopped short of revealing whether data about users collected…
A vast majority of passengers consider the government’s plan to cap ride-hailing vehicle permits at 10,000 “very insufficient”, according to a survey by Uber, as the company attempts to challenge elements of the proposed regulatory regime. US-based Uber said on Thursday that the survey, conducted last month over six days, drew 10,009 passenger respondents, 90…
Hong Kong authorities have set a cap of 10,000 vehicles for ride-hailing service permits, marking a key step in their long-running effort to establish a regulatory framework, with applicants who have owned a private car for a certain period likely to be given priority. In a paper submitted to the Legislative Council on Tuesday, the…
The number of ride-hailing vehicle licences will be determined based on Hong Kong’s unique conditions and the need to maintain passenger experience, the city’s leader has said, adding that the proposed subsidiary legislation will be submitted for approval on schedule. Chief Executive John Lee Ka-chiu also said on Tuesday that a mechanism would be established…
Issuing “several thousand” licences to ride-hailing vehicles under a proposed regulatory framework will be insufficient to meet demand, a Hong Kong government transport advisory body has said, calling for a quota that will not compromise existing services. Speaking after meeting government officials on Monday, Professor Wong Sze-chun, chairman of the Transport Advisory Committee, said members…
Hong Kong taxi industry leaders and Uber have both voiced concerns over a looming quota for ride-hailing vehicles, despite transport authorities promising to consult stakeholders before settling on a figure. The concerns were raised in response to the Transport and Logistics Bureau’s submission to lawmakers on Monday regarding regulatory details, which cited suggestions that between…
Uber Hong Kong has warned that a proposed cap of up to 15,000 ride-hailing permits could trigger a 70 per cent increase in fares and result in 40 per cent of peak-hour bookings being unsuccessful. Secretary for Transport and Logistics Mable Chan stressed on Tuesday that the government did not currently have a “specific preference”…
Hong Kong authorities should issue about 20,500 licences in the first phase of regulating ride-hailing platforms, lawmakers and experts have said, arguing that the city needs at least 15,000 active cars daily to meet existing demand and avoid worsening transport shortages. The proposal came as several lawmakers told the South China Morning Post, on condition…
Uber has announced it is acquiring the Hong Kong-based online cab-hailing platform FlyTaxi to expand its taxi services, ahead of the implementation of a regulatory regime for ride-hailing services later this year. In a statement on Friday, Uber said that its acquisition of FlyTaxi was part of its commitment to help grow the taxi industry…
Victory Giant, a Chinese manufacturer of printed circuit boards (PCBs) for artificial intelligence and high-performance computing, rose by 57.23 per cent in its trading debut in Hong Kong on Tuesday, as investors rushed to tap into surging global demand for the hardware powering the AI infrastructure boom. Shares in the Guangdong-based company, a supplier to…