Posts From King World News

Philippines issues rules on ride-sharing services, as taxis threaten court

By Neil Jerome Morales MANILA (Reuters) – The Philippines issued new rules for ride-sharing services such as Uber on Wednesday, becoming the first country to regulate specifically for such app-based car-hailing operations and prompting threats of legal action from the taxi industry. Transportation Secretary Joseph Emilio Abaya said such services were needed due to the lack of adequate mass transport in Manila, Southeast Asia’s second most congested city after Jakarta

Tencent eyes investing more to build WeChat mobile payment service

Tencent Holdings Ltd, China’s biggest social network and online entertainment firm, said on Wednesday it might invest more to build up its WeChat messaging app mobile payment service should the opportunity arise. In the first quarter there was a drop off in funding of subsidies to promote taxi calling apps, which used WeChat Payment to settle bills and so encouraged new users to sign up to the service, Tencent executives