The age of the Internet shares the rest of the world economy, Internet booking taxi at the historic moment of new forms brings convenience to the people but in the face of traditional taxi strongly resisting, governments have different regulation methods to Internet booking taxi development, China is the first legislation country, legalizing Internet booking taxi but the effect of new rules on the ground is not so good, the market of internet booking taxi is obviously shrinking, its detailed regulations are difficult to be implemented and the regulation on internet booking taxi needs further innovation. The internet booking taxi and traditional taxi have its advantages respectively, the regulation on internet booking taxi should not restrict the number but should boost the advantage maximization of the two to meet the demand of the market. The central government should guide the direction, local governments should perfect the regulation based on the reality and should actively play a role in its regulation. Government-enterprise interaction should be used to supervise the big data internet booking taxi, the industrial association role should be brought into fully play so as to perfect industrial supervision and self supervision.