Industrial data showed that only 2.4 percent of the Didi Chuxing drivers in Shanghai would met the requirements.
The platforms will have to purchase more mid-size cars to fill the void, so the light-asset platform operators will head toward heavier assets, said Zheng.
A lawyer at Junhe Law Firm said that the government has been supporting the heavy assets model from the very beginning, as policy makers must have considered the social impact and passengers' safety, rather than help increase the sector's business.
The lawyer expected a heavy-asset online platform to receive full legitimacy for the company, its fleets and drivers.
Shenzhou Zhuanche operates its business by renting vehicles from its heavy asset affiliate Car Inc, China's largest car rental company by fleet scale.
Shenzhou Zhuanche said the new regulations won't influence its operation, as the business model has always been focused on the passenger safety, which is in line with the governments' philosophy.
Yidao Inc said it will follow the government's regulation, making sure to meet every requirement and get certified with the fleets and drivers accordingly.
Didi Chuxing, China's largest online car hailing platform by volume, said the operation costs would climb, and the users' payments increase to more than double standard taxi fare, according to the company's announcement.
Didi Chuxing also called on local governments to nurture a favorable environment for the emerging car sharing business.
President of the Beijing Transportation Research Center Guo Jifu said Beijing's priority is to improve public transportation, and that the taxi and online car hailing businesses need moderate development.
The cities are aiming to differentiate the chauffeured car hailing from traditional taxies, not only in vehicle size, but also in service and price, local media cited Chen Yanyan, deputy dean of the traffic school at Beijing University of Technology, as saying.
Chen said online chauffeured car hailing is considered more of a luxury than the cruising taxies, and provides more premium services.
