China/HK Digest: HK taxi operators take on Uber; Cathay Capital, GLP back Zongteng

China/HK Digest: HK taxi operators take on Uber; Cathay Capital, GLP back Zongteng

Hong Kong taxi operators are gearing up for battle against ride-hailing firm Uber by launching a new app while Cathay Capital and GLP have co-led a Series B financing round for logistics provider Zongteng Group.

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