Uber's China Rival Close to Raising $2B in New Funding

Re:Uber's China Rival Close to Raising $2B in New Funding by Fennhella on Friday May 06, 2016 @09:03AM (#11643644)

Especially when that makes it sound neck on neck when in reality Uber is trailing Didi Chuxing (formerly Didi Kuaidi) by a wide margin.

Didi Chuxing has 87.2% of the market according to research from the China Internet Network Information Center.

http://news.xinhuanet.com/english/2016-01/11/c_134998758.htm

[ Parent | on HN ]

Re:Uber's China Rival Close to Raising $2B in New Funding by AustinMunday on Friday May 06, 2016 @10:23AM (#11644168)

I feel like that is expected. Uber can't win China if they don't want it too. The Chinese state and people naturally want to produce this service (and others, i.e. search engine) themselves, they don't need or want foreign companies taking their market.

[ Parent | on HN ]

Re:Uber's China Rival Close to Raising $2B in New Funding by realitycheckx on Friday May 06, 2016 @10:46AM (#11644316)

Disagree. Uber is not winning in China for one reason only - Didi is better than Uber. It has nothing to do with Chinese government or people. Chinese people love foreign brands, which are seen as being better and higher quality. They buy iPhones, go to Startbucks etc.

[ Parent | on HN ]

Re:Uber's China Rival Close to Raising $2B in New Funding by Zyst on Friday May 06, 2016 @05:43PM (#11646908)

I see you, with a new account, post a lot of protective comments about the Chinese government, do you work there?

[ Parent | on HN ]

Re:Uber's China Rival Close to Raising $2B in New Funding by foobarqux on Friday May 06, 2016 @11:09AM (#11644484)

Why is Didi better?

[ Parent | on HN ]