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Local Regulations Slam a Brake on China’s Ride-Hailing Services

The boom years of China's ride-hailing app industry may come to a sudden halt next month, now that city governments have shifted gears and rolled out new and stringent regulations that analysts say will seriously stifle growth. China formally legalized online ride-hailing services in late July after its Ministry of Transport introduced provisional governing rules, which San Francisco-based Uber said showed “support for ride sharing and the benefits that it offers...

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