Hong Kong leader rejects taxi licence buy-back amid ‘irreversible’ ride-hailing trend

Hong Kong leader rejects taxi licence buy-back amid ‘irreversible’ ride-hailing trend

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, saying the documents have always given cabbies exclusive rights. Chief Executive John Lee Ka-chiu also said on Tuesday that online ride-hailing was an “irreversible trend”,…

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Exclusive | National and commercial interests must go together, John Lee tells Hong Kong businesses

Exclusive | National and commercial interests must go together, John Lee tells Hong Kong businesses

Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking…

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