TOPIC

/ company

Uber

Founded in 2009, Uber is a taxi-and-car-hailing app which operates in more than 449 cities and 66 countries. While its popularity has helped it grow to a multi-billion dollar valuation, it has faced pushback from authorities and protests from taxi drivers in multiple markets.

Chairman / President

Ronald Sugar

CEO / Managing Director

Dara Khosrowshahi

CFO / Finance Director

Prashanth Mahendra-Rajah

Industry

Technology (Ridesharing, Food Delivery)

Website

uber.com

Headquarters address

1515 3rd Street, San Francisco, CA 94158, USA

Stock Code

NYSE:UBER

Year founded

2009

Uber

Chinese ride-hailing giants back Hong Kong plan to cap permits at 10,000

Amap, Didi Chuxing support government’s proposed cap as part of new regulatory regime scheduled to be passed by lawmakers in July.

China’s e-commerce platforms help unlock global markets for South Korean brands

Where will ride-hailing data go? Hong Kong eyes national security compliance

.css-1pcrwvc{color:#2aa191;}Opinion | Hong Kong’s five-year plan must boost governance to ensure results

The challenge is not simply identifying problems. It is mustering the political will and building the capacity to overcome them.

Uber survey finds 90% of passengers deem 10,000-permit cap ‘very insufficient’

Survey of 10,009 passengers and 4,569 drivers highlights strong concern over cap, as firm steps up response to planned regulatory framework.

Hong Kong rules out favouring existing ride-hailing platform drivers for permits

Transport minister Mable Chan also reiterates 10,000 quota is prudent approach despite pressure from lawmakers for timetable to review cap.

Uber investigating after woman says driver went off route and locked doors

Passenger says she took Uber with two female friends from Central in early morning and driver left them fearing for their safety.

Firms spent heavily on AI. Now rising costs are outpacing its value

All this artificial intelligence spending was showing no noticeable increase in productivity, Uber’s chief operating officer says.

Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing

Industry leader Chau Kwok-keung estimates about 1,800 out of city’s 18,163 cabs will be repossessed by banks as owners fail to meet mortgage payments.

Ride-hailing cap of 10,000 ‘prudent’ start for Hong Kong, transport chief says

Mable Chan says government will dynamically adjust quota based on operational data, but she stops short of setting time frame for review.

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

Applicants who have owned private car for certain period likely to be given priority under new regime.

Uber says Hong Kong ride-hailing cap ‘unusual’, insists it’s here to stay

Global head of public policy Andrew Byrne says Uber supports government plan to introduce regulations but existing demand should be considered.

Ride-hailing licence cap ‘must strike a balance’ in Hong Kong, John Lee says

Chief Executive says unique local conditions and passenger experience will determine city’s ride-hailing cap.

‘Several thousand’ ride-hailing licences won’t cover demand, advisory panel says

Transport Advisory Committee chairman says he expects initial level to be ‘somewhere around 10,000’ vehicle licences.

Opinion | Why set a limit for Hong Kong’s ride-hailing services?

The administration’s views on how to best regulate ride-hailing are mostly sound, with one glaring exception.

My Take | Passengers must not be left behind in ride-hailing debate

There is high demand for the platforms in Hong Kong. The priority must be to ensure that the service is good.

Editorial | Ride-hailing regulation must keep customers and operators in mind

Whatever cap the government sets on ride-hailing vehicles, it can adjust the number if it proves too cautious to meet user demand.

What Hong Kong’s planned ride-hailing regime could mean for your next Uber trip

Officials provide more information on enforcement powers, penalties and licensing arrangements – but little word on anticipated detail.

Uber Hong Kong warns proposed permit cap risks triggering 70% rise in fares

Platform argues cap of up to 15,000 fails to account for rising demand, as minister says authorities yet to have preference for specific figure.

How many ride-hailing permits should Hong Kong allow? It depends on who you ask

Both taxi industry leaders and Uber sound alarm over government’s latest step towards regulating service, even before final quota is decided.

Hong Kong authorities to set cap on ride-hailing vehicles ahead of Legco break

Platform operators could also face up to HK$1 million fine and 12 months in jail for failing to comply with coming regulatory regime.

Letters | Rigid quotas will undercut Hong Kong’s ride-hailing service providers

Readers discuss the effort to regulate ride-hailing, how to best address the city’s mental health crisis, and potential problems linked to the Fanling Bypass.

Wall Street hesitates, oil prices rise amid uncertainty in Strait of Hormuz

Despite all the uncertainty about how long the war with Iran will last, the US stock market has managed to power to record after record.

Uber to buy cab-ordering platform FlyTaxi ahead of ride-hailing regulation

Uber says acquisition of FlyTaxi part of its commitment to help grow taxi trade and provide ‘greater economic opportunities’ for drivers.

What to do in Mexico City between Fifa World Cup games

Football will be the focus in June, when the Fifa World Cup kicks off in the Mexican capital, but with a tasty dining scene and numerous museums, there’s plenty to experience beyond the Azteca Stadium.

Meter running: CaoCao backs heavy-asset play to scale robotaxis

Geely-backed firm targets 100,000 autonomous vehicles by 2030, banking on tighter control of cars, tech and operations to drive efficiency.

China’s Pony AI to launch robotaxi service in Europe with Uber, local start-up

Partners aim to operate thousands of robotaxis in various European cities over the next few years after starting in Zagreb, Croatia, ‘soon’.

Breakthrough or hype? How WeRide aims to edge rivals in crowded robotaxi field

WeRide says its world model has slashed costs to support global expansion, but investors question if it can deliver a lasting advantage.

Opinion | Hong Kong’s five-year plan must boost governance to ensure results