Uber, Other Private Car-hailing Services Disrupt China’s Traditional Taxi Industry
Taxi drivers in ten Chinese cities have gone on strike to protest the arrival of ridesharing services such as Uber, the San Francisco based company valued at $40 billion, in the country. Traditional drivers claim the high franchise fees imposed by the state-run taxi industry inhibit their ability to compete with the cab-hailing services that… Continue reading Uber, Other Private Car-hailing Services Disrupt China’s Traditional Taxi Industry