China's ride-sharing giant eyes entering Hong Kong's premium taxi market

Kwoon Chung Bus and Sun Bus are also interested.

According to a report from South China Morning Post, mainland ride-hailing giant Didi Chuxing and Hong Kong transport firms Kwoon Chung Bus and Sun Bus are seeking to enter the city’s premium taxi market whilst the trade itself is boycotting the government’s plan to start franchised services.

However, industry players warned that a proposed five-year trial scheme to provide a better service for the public, subject to Legislative Council approval, might never take off due to insufficient support from lawmakers. The taxi trade is also lobbying chief executive-elect Carrie Lam Cheng Yuet-ngor to scrap it.

Read more here.