To fight Uber in China, its rival Didi Kuaidi will attract at least $ 1 billion in the extra round
Didi Kuaidi is a “clone” and the strongest competitor to Uber in China. The company was founded in 2012 as a result of the merger of the two largest taxi services in the country - Didi Dache and Kuaidi Dache. Didi Kuaidi controls more than 83% of the Chinese taxi market.
In the new round, the Chinese company will receive at least $ 1 billion.
Sources Bloomberg predict that after the transaction, the company's valuation will exceed $ 20 billion. So far, Didi Kuaidi has been discussing the deadline for the round with investors.
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Earlier, Bloomberg reported that the company raised $ 3 billion last year and was valued at $ 16.5 billion.
Chinese taxi service is struggling to "protect" their homeland from the expansion of Uber . Among other measures to resist - expanding the driver base and maintaining competitive prices for travel.
Uber CEO Travis Kalanik believes that his service annually loses about $ 1 billion in China due to Didi Kuaidi. At the same time, Uber plans to develop in the Chinese market and double the number of cities in which it will be possible to use its services by the end of 2016.
Kalanik claims that his company makes a big profit in the USA, but constantly suffers losses in China due to the aggressive competition Didi Kuaidi. According to Uber, a local Chinese company does not make a profit in any of the cities where it is represented, but it takes part of the market from an American company.
A spokesman for Didi claims that the head of Uber is (perhaps even intentionally) mistaken. Didi makes a profit in more than 200 Chinese cities, despite the fact that it is already represented in 400 localities.
In the autumn, Lyft taxi service announced a partnership with DiDi, saying that the Chinese partner in 2015 had invested $ 100 million in the company. Lyft CEO John Zimmer called this deal "the first step towards global reach": "This is just the beginning of our broad partnership that will include financial, technological and product components."
Didi also invested in the largest taxi service in India, Ola Cabs, and a similar Malaysian company, GrabTaxi .
Didi invests mainly in Uber’s Asian rivals. After all, the countries of Southeast Asia are of great interest for taxi services: their total population is about 600 million people, many of them live in large cities and actively use smartphones.
In the new round, the Chinese company will receive at least $ 1 billion.
Sources Bloomberg predict that after the transaction, the company's valuation will exceed $ 20 billion. So far, Didi Kuaidi has been discussing the deadline for the round with investors.
')
Earlier, Bloomberg reported that the company raised $ 3 billion last year and was valued at $ 16.5 billion.
Chinese taxi service is struggling to "protect" their homeland from the expansion of Uber . Among other measures to resist - expanding the driver base and maintaining competitive prices for travel.
Uber CEO Travis Kalanik believes that his service annually loses about $ 1 billion in China due to Didi Kuaidi. At the same time, Uber plans to develop in the Chinese market and double the number of cities in which it will be possible to use its services by the end of 2016.
Kalanik claims that his company makes a big profit in the USA, but constantly suffers losses in China due to the aggressive competition Didi Kuaidi. According to Uber, a local Chinese company does not make a profit in any of the cities where it is represented, but it takes part of the market from an American company.
A spokesman for Didi claims that the head of Uber is (perhaps even intentionally) mistaken. Didi makes a profit in more than 200 Chinese cities, despite the fact that it is already represented in 400 localities.
In the autumn, Lyft taxi service announced a partnership with DiDi, saying that the Chinese partner in 2015 had invested $ 100 million in the company. Lyft CEO John Zimmer called this deal "the first step towards global reach": "This is just the beginning of our broad partnership that will include financial, technological and product components."
Didi also invested in the largest taxi service in India, Ola Cabs, and a similar Malaysian company, GrabTaxi .
Didi invests mainly in Uber’s Asian rivals. After all, the countries of Southeast Asia are of great interest for taxi services: their total population is about 600 million people, many of them live in large cities and actively use smartphones.
Source: https://habr.com/ru/post/298922/
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