Uber forced to raise prices by up to 80% in Hong Kong

If you're going to be hailing an Uber in Hong Kong — expect to pay a lot more, starting today.

The ride hailing giant has hiked its minimum fare in the territory by as much as 80 percent, a decision that came after an "evaluation of the marketplace."

Uber announced that the price hike starting Monday would affect UberX, UberBlack and UberAssist services.

The company will also be introducing an additional booking fee of $0.64 (HK$5).

For UberX for example, the minimum fare from Kowloon to the New Territories would be raised from $3.20 (HK$25) to $5.11 (HK$40) — with the booking fee charge, that's $5.75 (HK$45). Read more...