Hong Kong’s Transport Department has invited platform companies to apply for ride‑hailing operator licences, with the first batch expected to be issued from as early as end‑November. Caocao is working with Octopus on participating in the licence application and related arrangements. Licences run up to five years and carry an annual fee of HK$1.2m. Applicants must be Hong Kong‑registered companies with resident management and a local office and meet required operational scale and capital standard

Hong Kong’s Transport Department has invited platform companies to apply for ride‑hailing operator licences, with the first batch expected to be issued from as early as end‑November. Caocao is working with Octopus on participating in the licence application and related arrangements. Licences run up to five years and carry an annual fee of HK$1.2m. Applicants must be Hong Kong‑registered companies with resident management and a local office and meet required operational scale and capital standards.