Didi Chuxing, the Chinese ride-hailing behemoth, has a dominant position in its home country.
The company was valued at $56bn last year and says it has 450m registered users — over half of the country’s mobile-internet users — and 21m drivers serving 25m rides per day.
Two years ago, the company won a fierce — and expensive — battle with Uber, buying the Chinese unit of its US rival in return for the Silicon Valley company getting a 17.7 per cent stake in Didi. It is now expanding internationally, stepping up the global ride-hailing battle.
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