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China issues regulations for online ride-hailing services

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China has issued the final version of a policy to regulate booming online-ride hailing services, according to a document made public on Thursday, for a sector in which Uber Technologies Inc and Chinese rival Didi Chuxing compete aggressively.

[BEIJING] China has issued the final version of a policy to regulate booming online-ride hailing services, according to a document made public on Thursday, for a sector in which Uber Technologies Inc and Chinese rival Didi Chuxing compete aggressively.

The rules take effect on Nov 1 and require, among other things, that drivers have a minimum of three years of experience behind the wheel to work with a ride-hailing service.

Uber and Didi have invested billions to lure riders with discounts despite previously operating in a legal grey area in most of China.

REUTERS

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