TRANSPORT & LOGISTICS | Staff Reporter, Hong Kong

Premium taxi groups slam government's franchised cabs plan

They fear that only cash-rich mainland investors will benefit.

A report from South China Morning Post said that Hong Kong’s four key premium taxi groups – SynCab, Jumbo Taxi, PrimeCab, and Diamond Cab – have cast doubts over a government plan to introduce franchised cabs, questioning its commercial viability despite the significant incentives on offer, including the waiver of close to $4b in licence fees.

The groups argued that the five-year trial may eventually benefit only cash-rich mainland investors who are eyeing a slice of the fragmented city taxi market.

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