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”,…