Ride-hailing platforms seeking Hong Kong licence must have handled 100,000 orders a day

Hong Kong's Transport Department has announced new regulatory requirements for ride-hailing platforms operating in the city, requiring operators to handle over 100,000 daily orders in at least two cities. The eligibility criteria also include the use of technology such as facial recognition for due diligence checks, as well as financial requirements of at least HK$50 million in capital and HK$30 million in bank deposits.

Applicants must be companies registered in Hong Kong and maintain permanent executive personnel and an office in the city, with applications closing on 30 October for assessment by a committee. Approved licences will be valid for a maximum of five years, with an annual fee of HK$1.2 million.

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