Uber says Hong Kong ride-hailing cap ‘unusual’, insists firm is here to stay
Uber has called Hong Kong's proposed cap on ride-hailing licenses "unusual," contrasting it with global norms where market demand typically dictates driver numbers. The company's global head of public policy, Andrew Byrne, urged authorities to consider existing demand when setting the limit. This proposed cap has generated controversy, with lawmakers suggesting a range of 10,000 to 15,000 licenses, while taxi groups fear it could jeopardize their livelihoods. AI
IMPACT Minimal direct impact on AI operators; focuses on regulatory policy for ride-hailing services.