But lawmaker warns that setting a minimum price could cause legal problems, suggests regulation by controlling number of licences issued instead
Hong Kong authorities may use their right to control ride-hailing prices to prevent excessive and reductive competition, or involution, the Post has learned, but a lawmaker warned that this could cause legal problems and suggested regulation through controlling the number of licences issued instead.
A source familiar with the matter told the Post that the government may, under an existing section within the Road Traffic Ordinance, set a minimum price for ride-hailing services to avoid involution among the city’s ride-hailing platforms, which currently includes Uber, Tada, Amap and Didi Chuxing.
Amap is operated by Alibaba Group Holding, which also owns the South China Morning Post.
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