Hong Kong Unveils Plan to Regulate Uber Decade After Launch
- Officials to toughen penalties, improve taxi services
- Uber’s success has long angered local taxi license owners
Hong Kong outlined long-anticipated but vague plans to regulate ride-hailing services, creating uncertainty over Uber Technologies Inc. operations in a city infamous for the poor quality of local taxi services.
Authorities intend to license platforms such as Uber and adopt tougher penalties for rule breaking, the Transport and Logistics Bureau said in a paper published on Monday. Taxi services would be improved through the introduction of so-called premium fleets, it said.