Chinese government has legalised car-hailing

The Chinese government has formally legalised online car-hailing services including San Francisco-based Uber and Beijing-based Didi Chuxing, giving a boost to an industry that has until now operated in a grey area. Both groups welcomed the provisional rules, unveiled by the Ministry of Transport yesterday…  Car-hailing has quickly grown from a niche sector to a large industry in China, where the ubiquity of smartphones has translated into millions of rides per day. Didi has claimed to be handling 14 million rides a day across its platforms, including licensed taxis and car pooling as well as private car hailing. In an investor presentation in June 2015 the group forecast that the Chinese ride-hailing market would be worth $50 billion annually by 2020.

 

Charles Clover and Ma Fangjing

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