About 30% of trips on Didi Kuaidi's ride-sharing app now take place in China, Travis Kalanick, the company's Co-Founder and Chief Executive said yesterday. The number of Didi Kuaidi trips in China is nearly as large as in the US, he said. Although Didi Kuaidi faces stiff competition from Chinese market leader Uber, a firm valued at $16bn and backed by Chinese Internet giants Alibaba Group and Tencent, Kalanick said Didi Kuaidi remains undaunted: “"We're still number two, so we still have a long way to go...There are a lot of things we don't know about China, but what an interesting problem to solve."
About 30% of trips on Uber's ride-sharing app now take place in China, Travis Kalanick, the company's Co-Founder and Chief Executive said yesterday. The number of Uber trips in China is nearly as large as in the US, he said. Although Uber faces stiff competition from Chinese market leader Didi Kuaidi, a firm valued at $16bn and backed by Chinese Internet giants Alibaba Group and Tencent, Kalanick said Uber remains undaunted: “"We're still number two, so we still have a long way to go...There are a lot of things we don't know about China, but what an interesting problem to solve."