A Study on Regulatory Reform of China's Taxi Industry in the era of Internet Plus

For a long time, the taxi industry is heavily enforced with inefficient entry and price regulation in China, which has restricted the development of taxi market and accumulated many problems. Under this circumstance, new business model of "Internet + transportation" has provided an excellent opportunity for the reform of traditional taxi industry. Meanwhile, it puts forward requirement of improving taxi industry management capability. Thus, the government shall seize this opportunity to reconstruct taxi industry and regulatory systems. To achieve this goal, participants should firstly identify the problems existing in the traditional taxi industry regulation, as well as the impact of Internet Plus.