Uber will keep its Asian headquarters in Singapore for now, the ride-hailing giant said Thursday, blaming regulatory uncertainty for thwarting a mooted shift to Hong Kong.…
Uber will keep its Asian headquarters in Singapore for now, the ride-hailing giant said Thursday, blaming regulatory uncertainty for thwarting a mooted shift to Hong Kong.
The decision came weeks after China imposed a controversial national security law on Hong Kong — although Uber did not mention the legislation in its announcement.
The company announced massive layoffs in May due to the coronavirus, and said it was ready to move its regional base to the semi-autonomous Chinese city if there was progress on regulation there.
Uber has been operating in Hong Kong for several years despite not being legal there and facing strong resistance from the local taxi industry.
