Monday 16 May 2016

Taxi rides with China's Didi rose 20-fold in the year to March 2016

"China’s homegrown Uber arch-rival, Didi Kuaidi, is still seeing exponential growth nearly four years after the app launched.
The number of completed rides rose 20-fold from March 2015 to March this year, revealed Softbank today in its earnings briefing for 2015. Softbank is an investor in Didi.
The report also stated that Didi is profitable in 230 of the 300 cities where it operates. That’s likely a reference to Didi’s private car rides, which compete directly with UberX and UberBlack – not to Didi’s service for regulated taxis, which covers well over 400 Chinese cities."

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