GO
| HSI1 | 25,584.79 | +19.05 | 231.21B |
| HSCEI1 | 8,490.39 | +0.08 | 65.14B |
| Back Zoom + Zoom - Block Traded | |
|
BABA-W's Amap Says Ride-hailing Service Licence Application Requirements Pragmatic and Necessary
2026-08-28 15:18:36 Hong Kong's Transport Department today (28th) officially issued invitations for applications for ride-hailing platform licences. Amap, a subsidiary of BABA-W (09988.HK), said it has been closely monitoring the legislative and implementation progress of Hong Kong's ride-hailing regulatory regime. The company welcomed the department's proactive and pragmatic advancement of the related work, and believes the authorities' requirements for applicant platforms to meet thresholds including local registration and permanent office establishment, operating scale and order volume, proof of capital, submission of service plans and data connectivity are pragmatic and necessary arrangements. These measures can ensure that platforms entering the market possess sufficient operational capabilities and accountability, safeguard public safety in the long run, improve service quality, and create a fair and transparent market environment for compliant operators. ~ AASTOCKS Financial News Website: www.aastocks.com | |