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CCTV Script 09/07/14

— This is the script of CNBC's news report for China's CCTV on July 9, Wednesday.

Welcome to the CNBC Business Daily, I'm Qian Chen.

First it was ride-share app companies like Uber and Lyft facing increased regulations, and now a handful of "Parking Apps" are under the scrutiny of local officials. San Francisco's City Attorney has asked Apple to ban three parking apps from the App Store. Parking Monkey, Sweetch and ParkModo have been given until July 11th to cease operations or the city of San Francisco could find them liable for civil penalties of $2,500 per transaction. The City Attorney says that is 100% illegal. Josh Lipton has more.

IN: Finding public parking is always a headache in any big city but a new startup called monkeyparking has a solution - auctioning off public parking. here's how it works, you download the app you set up your parking spot and when you're ready to leave receive bids from nearby drivers looking for a space. app sounds easy but here's the problem - the city of san francisco says its illegal and they want the app to be shut down by this Friday.

[Attorney Dennis Herrera] "You are talking about a company that is taking a public asset and trying to make nothing more than a private profit. Why are we getting involved? Because public transit, the public right of way, is exactly what governments are supposed to be focused on."

The city of San Fran is also asking Apple to remove MonkeyParking from its App Store. Apple declined to comment. But typically, when Apple has received a letter like that from local governments, it has instructed developers to get in line with local laws, or the apps is yanked. Now MonkeyParking saying on it's part, it considers itself a legal service because it is not selling public parking, but it's simply telling you information about the space. It's now reviewing its legal options. Two other similar parking apps called Sweetch and ParkModo, trying to work with the city on this. Of course more broadly, we've seen these tensions between start-ups, politicians and regulators throughout the country involved in this so-called sharing economy from uber to airbnb. At least some xx I'm talking to here at Silicon Valley, including Ethan Kurzweil of Bessemer, he says he sees differences between those startups and these parking apps, that are just selling public goods.

Either way, the city of San Francisco says MonkeyParking shut down by July 11 or it says the startup could face fines of up to $2,500 per transaction. Josh lipton, cnbc, san francisco OUT

That wraps up this edition of the Business Daily.

I'm Qian Chen, reporting from CNBC's Asian headquarters.

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