For the sake of market share, none of the taxi apps was taking transaction-based commission or any other fees. May 2013 – Kuaidi Dache starts a cooperation with mobile payment app Alipay. ( source) Government bans bidding feature in taxi apps, which allowed users to offer tips upfront to win a cab in peak hours. ( source)Īugust 2013 – The government officially recognises four taxi apps, among which Didi. November 2013 – Kuaidi acquires fourth largest taxi app Dahuangfeng. ( source) In the second half of 2013, few taxi apps can sustain the staggering money burning speed. Two bellwethers of the industry Didi Dache and Kuaidi Dache survived. Jan 2014 – Didi gets added to Tencent’s WeChat app. ( source)įebruary 2014 – Uber China launched. Unlike Didi and Kuaidi, which started as taxi-hailing apps, Uber China introduced luxury car services.ĭecember 2014 – Baidu invests in Uber China. Internet giants Alibaba and Tencent were already backing taxi-apps Kuaidi Dache and Didi Dache respectively. ( source)įebruary 2015 – Under pressure from investors, Didi Dache and Kuaidi Dache merge to become Didi Kuaidi, later renamed to Didi Chuxing. ( source) In 2015 Didi added other features to complement its basic taxi-calling function such as new premium vehicle services, functions for carpool and designated driver transportation modes. SOURCES DIDI CHINABASED KEEP LINKDOC US DRIVER July 2015 – Chinese state news agency Xinhua collaborated with Didi’s big data analytics department on a report focusing on commuting patterns of state staff working for different Chinese ministries. ( source) This has recently been mentioned by media as an early example of the sensitivity of Didi’s data gathering. September 2015 – Didi Kuaidi had obtained 80% market share in private car hailing services and 99% of the taxis market share. ( source) Troubled timesĪugust 2016 – Didi, which has 87% market share, acquires Uber China, which was losing $1 billion per year in the discount war with Didi. Uber gets a stake of 17,5% in the new combined company. Didi also made a $1 billion investment in Uber Global. ( source) The Ministry of Commerce and was still investigating anti-competitive implications longer after the limit of 180 days in the anti-trust law. September 2016 – Didi didn’t apply for antitrust clearance for the Uber merger since it claimed it was not required to do so since the two companies that merged were earning less annual revenue than China’s anti-trust law’s threshold of 10 billion yuan ($1.5 billion). SOURCES DIDI CHINABASED KEEP LINKDOC US DRIVER.
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