China revises rules for provision of online ride-hailing services

BEIJING (Reuters) – China has revised rules for the provision of online ride-hailing services, the Ministry of Transport said on Monday.

Ride-hailing companies can be fined up to 30,000 yuan ($4,315) for failing to obtain operating permits, according to a statement on the ministry website.

($1 = 6.9515 Chinese yuan renminbi)

(Reporting by Brenda Goh and Beijing newsroom; Editing by Alison Williams)

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