Several ride-hailing firms express interest in Hong Kong licences: minister

Hong Kong's transport chief, Mable Chan, announced that several ride-hailing firms have shown interest in operating new online platforms on the same day that the government opened licence applications. The Secretary for Transport and Logistics revealed that between two to three firms had expressed interest in running ride-hailing services, emphasizing that operators could meet the nine requirements outlined by the government.

Chan stated that applications for ride-hailing licences would close on October 30, with the first batch of applicants expected to be approved in early December. Among the requirements include a proven track record of providing lawful services in cities with populations over 7.5 million, handling over 100,000 daily orders in at least two locations, and having a capital of at least HK$50 million.

Chan clarified that the track record condition was necessary due to Hong Kong's status as an international city with a significant number of tourists, and that the capital requirement aimed to ensure financial sustainability. The government has not set a quota for the licences and will select candidates based on merit. Over 9,000 drivers have registered for a new combined test for taxi and ride-hailing services in Hong Kong, with the written test taking place in September.

Authorities are also setting up a ride-hailing data management system to store information on vehicles, drivers, and trips to ensure operational smoothness.