Taxi trade fears 10% could lose cabs as drivers gear up for ride-hailing
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Source: South China Morning Post
Published: 2026-05-30 11:00 UTC+10:00
Section: Uber
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Property & Housing, Trade & Sanctions, World News, Business & Economy
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Snippet:
Industry leader Chau Kwok-keung estimates about 1,800 out of city’s 18,163 cabs will be repossessed by banks as owners fail to meet mortgage payments
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