Insider says ride-hailing platforms will need licences that are not permanent but renewable, with cap on number of vehicles given such permits
Operators of ride-hailing platforms and vehicles in Hong Kong will need to apply for renewable rather than permanent licences under a proposed regulatory framework, to prevent speculative trading that is rampant in the city’s taxi trade, the Post has learned.
An insider on Thursday said the ride-hailing platforms would need to pay for the licences, which would have a validity of five years.
The number of vehicles operating under each platform would also be capped, and the owner of each vehicle would need to pay for the time-limited licence and commercial insurance, the source said.
“Authorities prefer time-limited licences for both types to avoid repeating the speculative trading issues seen with taxi licences,” the insider added.
