Uber hits the brakes in Taiwan

Publication: Strait Times,

Global ride-hailing company Uber is putting the brakes on its services in Taiwan amid growing pressure and fines. Uber said in a statement yesterday that it was suspending its ride- hailing operations from next Friday to “reset the conversation” with the government, to “innovate the transport technology” in Taiwan. This came after Uber racked up NT$1.1 billion (S$49.9 million) in fines within a month after an amendment to a law banning unlicensed taxi services took effect.

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