Uber halts move to shift Asia HQ to HK, to extend stay in Singapore

Photo: Reuters

Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least December 2022.

The firm’s announcement comes after China enacted a national security law for Hong Kong, which has stirred worries over its future as a hub for international business.

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