Uber predicts it will steamroll native Didi Chuxing to become China’s top taxi app
Despite only operating in China since 2014, Uber thinks it has what it takes to become the country’s top taxi app in the next year.
To do so, it will have to outpace and outperform native service Didi Chuxing, which was formed in 2015 when two ride-on-demand competitors merged to combat the US invader.
While Didi is backed by some of China’s largest companies, including Alibaba and Tencent, Uber has around an $11bn war chest and has shown it is not afraid to invest billions in the booming Chinese market.
Zhen Liu, senior vice president of strategy at Uber China, said, according to Read full story ›
Source: The Drum
