Uber Applied sciences on Thursday halted a plan to maneuver its Asian headquarters to Hong Kong in one other enterprise blow for the Chinese language-ruled metropolis, selecting to increase its keep in Singapore till no less than December 2022. The […]
Uber Applied sciences on Thursday halted a plan to maneuver its Asian headquarters to Hong Kong in one other enterprise blow for the Chinese language-ruled metropolis, selecting to increase its keep in Singapore till no less than December 2022.
The agency’s announcement comes after China enacted a nationwide safety legislation for Hong Kong, which has stirred worries over its future as a hub for worldwide enterprise.
World tech companies there are involved that the legislation provides the Chinese language authorities entry to information and the power to censor content material.
Uber mentioned its determination to delay the transfer, mooted in Could, was based mostly on an absence of progress on ridesharing rules. It declined touch upon the safety legislation unveiled final month.
Hong Kong doesn’t have any laws enacted solely for regulating ride-hailing apps and it’s unlawful for automobiles that aren’t licensed as taxis, or have a rent automotive allow, to hold passengers for a price.
Uber has been lobbying the federal government for change.
“Now we have seen robust public help for reform, however not the extent of certainty from the federal government that we want,” Uber mentioned in an announcement.
“As we proceed these efforts, we now have determined to maintain Singapore as a regional hub for the medium time period.”
The Hong Kong authorities didn’t instantly reply to a request for remark.
In the meantime, world tech giants with a presence in Hong Kong, reminiscent of Fb and Google, are evaluating the impression of the safety legislation that provides China authority to demand that they flip over person information or censor content material seen as violating the legislation – even when posted from overseas.
South Korean web large Naver Corp mentioned final week it had moved backup servers storing its customers’ private information from Hong Kong to Singapore.
Uber doesn’t present its companies in Singapore, the place it has about 90 workers.
© Thomson Reuters 2020