Hong Kong's Transport and Logistics Bureau and the Transport Department submitted the latest document on ride-hailing services to the Legislative Council. In the document, it mentioned that they will invite interested platform companies to apply for ride-hailing service licences in 3Q. A combined written examination for taxis and ride-hailing services will be launched at that time. Related News Jefferies: China Open-Source Models Lag US Leading Closed-Source Models by Only 3-6 Months; TENCENT (00700.HK), BABA-W (09988.HK) Have Competitive Edge in Consumer TrafficIn 4Q, applications from vehicles and drivers for the relevant permits will be invited, and application results will be announced in phases. Approved ride-hailing platforms will commence preparatory work starting in 4Q.
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