China to demand ride-hailing fee caps, transparency this year


The plan to rein in commissions and offer more transparency was signalled in guidelines issued in November by several government agencies and mirrors Friday’s request for food-delivery services to also cut fees. — AFP

Ride-hailing firms and online trucking platforms in China will have to set reasonable caps on their fees and make their pricing rules public this year, according to Wang Xiuchun, a senior official at the Ministry of Transportation.

The plan to rein in commissions and offer more transparency was signalled in guidelines issued in November by several government agencies and mirrors Friday’s request for food-delivery services to also cut fees. President Xi Jinping’s “common prosperity” agenda has prioritised helping small businesses and individual operators, such as ride-hailing drivers, to navigate the challenges of the pandemic, which has increasingly come at the cost of big Internet service operators.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Tech News

China sells quantum chips to Middle East and Western countries in show of growing influence in sector
Elon Musk says Neuralink has never caused the death of a monkey
Love cover: China couple sue insurance firm for refusing to honour policy with RM6,500 payout for decision to live happily ever after
High school fires IT manager – then he launches cyberattack on its network, US feds say
Meta Platforms' paid ad-free service is targeted in EU consumer groups' complaint
Fraudsters target individuals with fake Ninja Van delivery notifications in email phishing scam in Singapore
Eminem in Fortnite? Check out his live in-game performance on Dec 3
India's Tata Technologies soars 180% in debut trade, valued at nearly $7 billion
Google strikes deal with Canada to pay for online news
eMadani: Are you eligible for the RM100 ewallet redemption?

Others Also Read