The Hong Kong government is seeking to regulate online car-hailing platforms through licensing and impose tougher penalties on illegal ride services, a move likely to have a significant impact on tech companies such as Uber. Transport officials sent a document Monday to the legislature, asking lawmakers to further study the proposal. Hong Kong’s taxi industry has long resisted online platforms like Uber, seeing them as a threat to its business.
AI touches all kinds of sectors—from banks to transportation. We looked for stocks that are benefitting from the trend but are still cheap.
Key Insights Institutions' substantial holdings in Uber Technologies implies that they have significant influence over...