Draft rules to put ride-hailing apps on the skids, analysts say
Ride-hailing services Didi Chuxing and Uber Four megacities have drawn up draft regulations on the drivers and private vehicles used for online ride-hailing services, a move analysts have said could deal a major blow to a booming industry. Industry experts argue that such rules could dampen enthusiasm for ride-hailing apps such as Didi Chuxing and Uber, which allow private car owners to earn money by providing taxi services. In addition, just one-fifth of the vehicles in operation in Shanghai on the Didi app would meet the requirements in the draft rules, the company said, adding thatride-hailing services would become more expensive and less efficient due to limited supply. Wang Xiaofeng, an analyst at global consultancy Forrester, said migrants from other parts of China in private-owned cars without local license plates provide a major part of the ride-hailing services in Beijing and Shanghai.
Didi Chuxing’s dominance of Uber in China offers roadmap for ride-hailing apps
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