Ride-hailing platforms Amap and Didi Chuxing have expressed support for Hong Kong's proposed cap on new licenses, a move aimed at balancing demand, preventing excessive competition, and reducing road congestion.
Ride-hailing platforms Amap and Didi Chuxing have expressed support for Hong Kong's proposed cap on new licenses, a move aimed at balancing demand, preventing excessive competition, and reducing traffic congestion. The new regulatory regime is expected to be passed by lawmakers in July.
A recent Uber survey in Hong Kong found 90% of 10,009 passenger respondents consider the proposed 10,000-permit cap "very insufficient." Nearly 75% of 4,569 drivers expressed extreme concern, fearing it will impact their livelihoods.
A survey by Uber in Hong Kong found 90% of 10,009 passengers and 75% of 4,569 drivers consider the proposed 10,000-permit cap "very insufficient" and "extremely concerned" about its impact on livelihoods, as Uber seeks to influence upcoming ride-hailing regulations.
Hong Kong authorities are considering new regulations for claw machines, including requiring operators to display winning odds and potentially increasing prize values. The proposed regime aims to protect players and prevent addiction by issuing individual licenses for each device and mandating the display of license details and anti-addiction slogans.
Hong Kong authorities are considering requiring claw machine operators to display winning odds and potentially increase prize values. The proposed changes aim to protect consumers and prevent addiction, including individual licensing for machines and displaying license details and anti-addiction slogans.
Hong Kong authorities plan to finalise the maximum number of ride-hailing vehicles allowed on the city’s roads and the technical details of a long-awaited regulatory regime before pushing them through as law ahead of the legislature’s recess in mid-July. In a document submitted to the Legislative Council on Monday, the Transport and Logistics Bureau also specified penalties for ride-hailing platform operators over non-compliance. They could face up to a HK$1 million (US$127,720) fine and 12...
Uber announced acquisition of FlyTaxi, one of Hong Kong's first online taxi-hailing platforms founded in 2013. The deal aims to combine FlyTaxi's local expertise with Uber's technology to empower drivers and enhance rider experience. FlyTaxi will continue operating normally with no changes for users.
Coinbase launched USDC loans for UK users backed by BTC, ETH and cbETH, expanding its borrowing product as Britain moves toward a crypto regulatory regime.
