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UPDATE 1-Beijing, Shanghai propose curbs on who can drive for ride-hailing services [Reuters]

Weibo Corporation - American Depositary Shares (WB) 
Last weibo corporation - american depositary shares earnings: 2/26 05:00 am Check Earnings Report
US:NYSE Investor Relations: ir.weibo.com
Company Research Source: Reuters
UPDATE 1-Beijing, Shanghai propose curbs on who can drive for ride-hailing services(Adds Didi Chuxing's reaction)n"BEIJING Oct 8 Regulators in Beijing and Shanghaiare proposing restrictions on who can operate as drivers forride-hailing services such as Didi Chuxing and Uber,possibly making it tougher for those services to recruitdrivers.Authorities in Beijing and Shanghai - the transportcommissions of the municipal governments of Beijing and Shanghai- separately issued draft policies on Saturday as part of aneffort to seek public comment. Both commissions posted draftpolicies on their respective website.It was not clear whether the moves were coordinated.According to the draft regulations, in Beijing the city'stransport commission is proposing to require individuals drivingfor ride-hailing services to have local household registration,banning migrant workers from outside the mega-cities to operatecars for those services.The city also wants those drivers to operate only locallyregister Show less Read more
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