Hong Kong sets ride-hailing permit cap at 10,000 under regulatory push

Hong Kong authorities have set a cap of 10,000 vehicles for ride-hailing service permits, marking a key step in their long-running effort to establish a regulatory framework, with applicants who have owned a private car for a certain period likely to be given priority. The news drew criticism from both ride-hailing giant Uber and the taxi trade. Uber Hong Kong warned that more than 20,000 people w