Several ride-hailing firms express interest in Hong Kong licences: minister
Several ride-hailing firms have expressed interest in operating the long-awaited online platforms in Hong Kong, just one day after the government opened licence applications setting out nine requirements, the transport chief has revealed. Secretary for Transport and Logistics Mable Chan said on Saturday that two to three firms had expressed interest in operating ride-hailing service platforms,…
Ride-hailing firms have shown interest in obtaining licenses to operate online platforms in Hong Kong, just a day after the government announced the licence applications, according to Secretary for Transport and Logistics Mable Chan. The transport chief revealed that two to three firms have expressed interest in providing ride-hailing services, highlighting their capability to meet the requirements.
Chan emphasized that the operators must meet nine key conditions, including having a proven track record of providing lawful services in cities with populations exceeding 7.5 million, handling over 100,000 daily orders in at least two locations, and possessing at least HK$50 million in capital, with HK$30 million in bank deposits and a HK$30 million credit line.
The deadline for applications closes on October 30, with the first batch of applicants expected to be approved in early December. Chan stated that the requirements were set to ensure the operators' financial sustainability and capability to serve diverse customers, as the daily demand for ride-hailing platforms in Hong Kong is around 110,000 trips.
The government also announced a quota of 10,000 ride-hailing vehicles, and Uber, Tada, Amap, and Didi Chuxing are currently operating in Hong Kong.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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