American ride-hailing company Uber recently announced that after studious evaluation, the company decided to increase the charge of its services provided in Hong Kong by 80%.
Meanwhile, Uber emphasized that its operating capital in Hong Kong does not have any problem.
Uber said the price increase covers services like UberX, UberASSIST, and UberBLACK. The service starting fee of UberX and UberASSIST will be increased by 80% to HKD45; while the service starting fee of UberBLACK will be increased to HKD65.
According to the company, the price increase is based on an evaluation of the Hong Kong market and it will bring more income to Uber drivers. However, these fees are lower than hailing a regular taxi, so it’s unclear how the fee increase will positively impact drivers for Uber in Hong Kong.
But a fare increase in Hong Kong may no...