IN A NUTSHELL 🚖 Hong Kong’s taxi licenses have dramatically decreased in value due to the rise of app-based ride-hailing services. 📈 The government is introducing a legal framework for ride-hailing platforms and launching a premium taxi fleet scheme to modernize the industry. 💵 Proposals for a government buy-back of taxi licenses have sparked debate, … Continue reading “No One Saw This Coming”: Hong Kong Faces Outrage as Calls Grow to Stop Massive Taxi Bailout Plan