Despite Uber’s global success, Didi Kuaidi still dominates in the Chinese market. Forbes recently reported and both Uber and Didi Kuaidi are spending billions of Yuan marketing themselves in China, each trying to hold the world’s largest taxi market.
Both companies have tech giant backers: Didi Kuaidi is backed by Alibaba and Tencent, and Baidu backs Uber. Uber is the largest ride-sharing service in global emerging markets and is valued at more than $50 billion. However, local app Didi Kuaidi has proven to be a fierce competitor to the ride-sharing giant.
Didi Kuaidi is valued at $16 billion. The company operates in 259 Chinese leaders and holds most of the market share. In Beijing, for example, Didi Kuaidi holds 90 percent of the market, with up to a million users a day.
Overall, 83.2 percent of Chinese users prefer Didi Kuaidi and 16.2 percent prefer Uber.
Source: inews.qq.com
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Keywords: Didi Kuaidi Didi Kuaidi China Uber China
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