Dossier
taxi trade
Coverage of taxi trade in the Nexus archive.
- Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing
Hong Kong’s taxi trade warns that 10% of cab owners could default on vehicle mortgages as taxi licence values decline. Many drivers are shifting to a new ride-hailing system that will issue 10,000 permits, contributing to the drop in traditional taxi licence prices.