China is the 1st country which took action on Uber for the exploitation, profiteering and destruction of its taxi industry. Applause!

In China under the new Government regulations, the data collected by Uber would come under the purview of the government. There would be no more subsidies. Market prices would prevail, the regulations state, “except when municipal government officials believe it is necessary to implement government-guided pricing.” According to Xinhua, ride-hailing companies would be urged to merge with taxi companies. Moreover Government would do the background checks of the drivers and provide them licence for being eligible for app-based car service (well done China). On-line and off-line services would be regulated separately.

China was quick to see through… Continue reading →