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Ubers worse nightmare is coming..Didi is expanding to North America

BurgerTiime

Well-Known Member
https://www.theverge.com/2017/12/7/16748178/didi-chuxing-mexico-expand-ride-hail-uber

Didi Chuxing, the Chinese ride-hail behemoth, plans to expand to Mexico next year, according to Reuters. It would be the company’s first international expansion and could signal a new phase of competition with Uber, which sold its Chinese business to Didi in 2016 after a lengthy and expensive battle.
Didi is the second-most valued, privately owned firm in the world after Uber. Its decision to begin recruiting drivers and offering rides in Mexico will surely be seen as shot across Uber’s bow at a time when the company has been seen reeling from a series of self-inflicted scandals.

opened an R&D center in Mountain View, California, that’s focused on hiring (and probably poaching) top engineering talent to work on artificial intelligence and self-driving car technology.

Didi has had a very interesting couple years, to say the least. The company first crossed many peoples’ radars when Apple announced it had invested an eye-popping $1 billion in the ride-hail service. At the time, Didi was locked in an intense competition with Uber for China’s rapidly growing ride-hail market.

Eventually the battle grew too costly for Uber, which was reportedly spending $1 billion a year in China. In August, then-Uber CEO Travis Kalanick announced his plan to sell his Chinese business to Uber for a 17.7 percent stake in Didi and a seat on the company’s board. In exchange, Didi invested $1 billion in Uber.

Didi has also invested in many of Uber’s rivals, including Lyft, Brazil’s 99, India’s Ola, Singapore-headquartered Grab, Estonia’s Taxify, and Careem in the Middle East.

Didi does insane amounts of business in China, so it’s unsurprising that the firm would look to expand its reach. As of October 2016, Didi said it was performing 20 million rides a day. In addition to private cars, Didi also offers bike-sharing, bus rentals, and a carpooling service called Hitch.
 

KMANDERSON

Well-Known Member
By "compete financially with Uber", do you mean you might foresee more rate cuts? Just asking for a friend. :rolleyes:
I would think the rates are as low as they can be.

By "compete financially with Uber", do you mean you might foresee more rate cuts? Just asking for a friend. :rolleyes:
What I mean by competing finanially with uber is by growth. It could be good for drivers.uber knows lyft not a competitor so they don't really have to do anything for the drivers.If their is a company that is as big as uber that could be a good thing for drivers.
 
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uberdriverfornow

Well-Known Member
we need another provider to come in and actually compete, not for riders, but for drivers, it's pretty obvious Uber and Lyft are colluding to keep driver rates down so if Didi can come in and be an actual competitor then we can see driver rates actually going up for a change, basically a T-Mobile of rideshare...that's why sprint and att were trying to buy tmobile, so that they could put its ideas out of business, basically shutting down the great changes to the industry Legere was making

actually, given didi's agreement previously with uber in the china market, it's possible didi will not really be an actually competitor
 
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