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A fare fight? What Hong Kong’s ride-hailing shake-up means for passengers
- With eight companies vying for licences to provide ride-hailing services in Hong Kong under the new regulatory regime, industry observers expect a price war that will initially benefit passengers through lower fares.
- But some warned that competition could eventually force weaker operators out of the market, leaving dominant players free to raise prices.
- “The ride-hailing firms will fight to reduce fares in the beginning to grab their loyal customers,” said Chau Kwok-keung, chairman of the Hong...
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