In the last 5 years, the Chinese government has tightened vehicle data collection, data protection, data privacy, and cybersecurity through a series of laws and regulations. Frost & Sullivan recognizes that all electronic hailing (eHailing) platform providers in China must assess these regulations and update their business operations and strategies to ensure legal compliance.
China's eHailing market is mature. Growth drivers include residents’ improved living standards, restricted private car travel, and shortages of cruising taxis. In 2021, the country's eHailing market transaction scale reached $50.52 billion. The market remains on a growth trajectory and is on course to reach $56.43 billion in 2022, registering year-on-year (YOY) growth of 11.7%.
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