BrandTurner | 10 years ago | on: Uber losing $1B a year to compete in China
BrandTurner's comments
BrandTurner | 10 years ago | on: Uber losing $1B a year to compete in China
That may be the case for a number of different situations. However, Didi Kauidi, China's ride-sharing service, may just be a better offering than Uber.
Last year, it arranged 1.4 billions rides, more than Uber has done worldwide in its entire history. Also, Didi doesn't just focus on private-car services. It lets users pick a taxi, private car, shared car, shuttle van, or bus to pick them up. It also is tailored to the local market. During Chinese New Year, lots of flights and trains were sold out. Didi helped users find inter-city rides at train fare prices.
It also has a few quirks that separate it from Uber. You can book a test drive of new cars (Audi and Mercedes included). And, Didi is also offering a Tinder-like matchmaking service for passengers. As a kid, I was getting it on in the back seat of my parent's Dodge. What a time to be alive.
- Per the Economist