If you tune into China news regularly, the most welcomed piece of this week has to be the one from yesterday, Car-hailing apps being legalised in Mainland China, sharing economy is finally being recognised.
First thing first, what is sharing economy?
Also known as shareconomy or collaborative consumption or peer economy, a common accademic definition of the term refers to a hybrid market model (in between owning and gift giving) of peer-to-peer exchange. Such transactions are often facilitated via community-based online services. (Wikipedia)
So what has changed from the draft of the Interim Measures on Management of Car-hailing Apps to the official regulation which will be launched this November? Caixin Datanews gave us a clear idea.
Once this regulation been carried out, China would be the first country/region to legalise car-hailing apps.
For those of us living in Hong Kong, calling a cab has been an unpleasant experience for years.
They have been enjoying a monopoly for many years and there have been many instance of overcharging, rude behaviour and refusal to take passengers. There may have been cases where police have taken action against some offending drivers, but this is just a drop in the ocean as so many incidents go unreported. (Comment, SCMP – July 10, 2016)
After police raid car-hailing app like Uber last year, the legal issue of such car service has often been discussed. Now China official has facing this issue with concern of its popularity, providing the public with another option of travelling, shouldn’t Hong Kong be more efficient about the same issue, so that to create a safe and win-win situation for both drivers and passengers?