Although the price of a Toyota Crown Comfort taxi is only HK$230,000, the cost of buying a licence to operate one is at present about HK$7 million. Photo: K. Y. Cheng
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

How Uber is doing what the Hong Kong government can't do

Licence speculators may scream murder as taxi-hailing app using private cars shows how market forces can work for the community

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Although the price of a Toyota Crown Comfort taxi is only HK$230,000, the cost of buying a licence to operate one is at present about HK$7 million. Photo: K. Y. Cheng
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