Chinese police swoop on Uber’s offices in licensing investigation

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It comes less than a week after authorities raided the company’s Guangzhou offices, confiscating iPhones and other equipment.

China recently banned drivers of private cars from offering taxi services through apps. Those found flouting the ban face fines of thousands of pounds.

Officials have said that authorities suspect the taxi-hailing service is operating illegally and does not have a proper business registration.

The investigation is the latest in a long list of regulatory problems facing Uber.

So far authorities in South Korea, India, South Africa, Spain and France have taken action against the startup, and its launch has sparked protests by traditional taxi drivers in London and Poland.

It has also been rocked by the alleged rape of a woman in India by a driver working for the company.

The company’s management remain undeterred, however, and want to continue its aggressive expansion across the world.

 

Its cheap rates and a user-friendly smartphone service have already helped it launch in more than 200 cities across the world and reach a valuation of around $40 billion.

Uber-operated cars now even outnumber yellow taxis in New York.

Co-founder Travis Kalanick recently said he sees potential in Europe, where he predicted Uber could create 50,000 jobs.

Source Article from http://www.standard.co.uk/business/business-news/chinese-police-swoop-on-ubers-offices-in-licensing-investigation-10231823.html

May 7, 2015 |
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