Hong Kong sets ride-hailing permit cap at 10,000 under regulatory push

Hong Kong authorities have set a cap of 10,000 vehicles for ride-hailing service permits, marking a key step in their long-running effort to establish a regulatory framework, with applicants who have owned a private car for a certain period likely to be given priority.
The news drew criticism from both ride-hailing giant Uber and the taxi trade.
Uber Hong Kong warned that more than 20,000 people would lose a flexible earning opportunity, adding that a lottery-like quota allocation would put the...