Didi Chuxing, the Chinese ride-hail behemoth, plans to extend to Mexico next yr, in line with Reuters. it could be the company ’s first global growth and will sign a new segment of competition with Uber, which offered its Chinese industry to Didi in 2016 after a lengthy and costly fight.
Didi is the second one-such a lot valued, privately owned company in the international after Uber. Its decision to start out recruiting drivers and offering rides in Mexico would certainly be seen as shot across Uber ’s bow at a time while the corporate has been seen reeling from a sequence of self-inflicted scandals.
a new segment of pageant with Uber
In Line With Reuters, Didi has already laid the foundation for a Mexico release:
about a month in the past, Didi met with ProMexico, a central authority business and funding body, to talk about possibilities within the u . s ., according to a Mexican reputable, who declined to supply additional details about the conversations.
In Advance this year, Didi opened an R&D middle in Mountain View, California, that ’s focused on hiring (and doubtless poaching) most sensible engineering skill to paintings on artificial intelligence and self-driving car era.
Didi has had an overly interesting couple years, to mention the least. the corporate first crossed many peoples ’ radars while Apple introduced it had invested an eye fixed-popping $1 billion in the journey-hail provider. at the time, Didi was locked in an extreme pageant with Uber for China ’s hastily rising journey-hail market.
Eventually the combat grew too expensive for Uber, which was reportedly spending $1 billion a 12 months in China. In August, then-Uber CEO Travis Kalanick announced his plan to promote his Chinese Language trade to Uber for a 17.7 % stake in Didi and a seat on the corporate ’s board. In trade, Didi invested $1 billion in Uber.
Didi has additionally invested in many of Uber ’s opponents, including Lyft, Brazil ’s 99, India ’s Ola, Singapore-established Seize, Estonia ’s Taxify, and Careem in the Center East.
Didi does insane quantities of business in China, so it ’s unsurprising that the firm may look to increase its reach. As of October 2016, Didi stated it used to be acting 25 million rides a day. as well as to non-public cars, Didi additionally provides motorcycle-sharing, bus leases, and a carpooling service referred to as Hitch.