24.9 C
Karachi
Friday, March 29, 2024
- Advertisement -
 

Uber performs U-turn on Macau exit plan

TOP NEWS

Reuters
Reuters
Reuters is an international news organisation owned by Thomson Reuters

Uber launched in Macau less than a year ago but announced at the end of August that it would withdraw from the former Portuguese colony because its drivers faced total fines of 10 million patacas ($1.25 million).

The Macau government has taken a firm stance against Uber, with Secretary for Security Wong Sio Chak stating that the service violated local laws.

“After much deliberation, Uber will continue to serve the riders and drivers of Macau, the company said in a statement on its website.

“The unprecedented amount of support we received over the past few weeks has been overwhelming.”

uber1

The statement said the company had received 23,000-plus online signatures in support of its service and also thanked riders, drivers, residents, visitors and legislators who had championed the company’s cause.

“We hope the Government will follow the example set by progressive, pro-innovation policymakers around the region and the world in recognizing the role ride-sharing can play in moving Macau forward,” Uber said.

Macau government officials were not immediately available to comment.

Uber has about 2,000 full-time and part-time drivers in the territory and though Macau isn’t a large market Uber’s exit would have been another blow to the fast-growing U.S. company’s ambitions in the region.

Its costly two-year battle to break into the potentially lucrative Chinese market was brought to a close this month with the sale of its operations in the country to , though the U.S. company has retained a 5 percent stake.

Uber could also be forced out of Taiwan after authorities demanded that the company pay a sales tax bill and it has also come under legal scrutiny in Hong Kong.

- Advertisement -
- Advertisement -
 

POLL

Will the PML-N led govt be able to steer Pakistan out of economic crisis?

- Advertisement -
 

MORE STORIES