It is hard to pick any winners out of the latest futile round in the battle between Hong Kong’s point-to-point transport services, or taxis and ride-hailing vehicles. Customers can claim to be winners from cancellation of ill-advised industrial action by some taxi drivers but, in the bigger picture, they remain losers from uneven standards of…
A Hong Kong taxi union has cancelled a planned strike next month after a meeting with government advisers and a pledge from the city leader to enforce the law against illegal ride-hailing services, the group’s chairman has said. The announcement by Hong Kong Tele-call Taxi Association chairman Wong Yue-ting followed Chief Executive John Lee Ka-chiu’s…
Chinese start-up Manycore Tech, operator of the world’s largest spatial design platform, has applied for an initial public offering (IPO) in Hong Kong, three years after its attempt to list on the Nasdaq stock exchange lapsed. Manycore’s IPO filing, jointly sponsored by JPMorgan and CCB International, did not provide the amount it intends to raise…
Hong Kong’s ride-hailing firms are seeing a light at the end of the tunnel after more than a decade of operating mostly illegally and locking horns with the taxi industry. Secretary for Transport and Logistics Mable Chan is intent on legalising ride-hailing and opening the sector to all players. A framework for regulating the platforms…
An influential taxi union will send an ultimatum to the Hong Kong government to demand a clampdown on illegal ride-hailing services run by operators such as Uber and Amap, and is threatening to strike for five days next month. The Hong Kong Tele-call Taxi Association said it held an internal meeting on Tuesday, where about…
The Chinese social media app RedNote is full of cute, heartwarming moments after about 500,000 American users fled to it last week to protest the looming U.S. government ban on TikTok. Calling themselves “TikTok refugees,” these users paid the “cat tax” to join RedNote by posting cat photos and videos. They answered so many questions…
A Singapore-based ride-hailing service provider has launched in Hong Kong ahead of a government plan to regulate operators, with the newcomer providing fresh competition for market leader Uber. Tada, which touts a zero-commission model for drivers, began operating in the city on Thursday and will allow customers to pay by cash or credit card in…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Transformers: the rise of smartphone makers in China’s EV arena Thanks to an advanced supply chain, companies…