Didi Dache
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Native name
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北京小桔科技有限公司 |
|---|---|
| Industry | Mobile application |
| Founded | June, 2012 |
| Founder | Chéng Wéi (程维) |
| Headquarters | Beijing, China |
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Area served
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China |
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Key people
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Chéng Wéi (Chairman and CEO) Liu Qing (President) |
| Products | Taxi-calling application |
| Website | www.xiaojukeji.com |
Didi Dache (Chinese: 滴滴打车; literally: "Didi Taxi Calling") is a mobile platform taxi-calling application developed by Chinese mobile application company Beijing Xiaoju Keji Co., Ltd. The application is one of the major taxi apps in China, with over 100 million users in more than 300 cities. It was established in June 2012.
In February 2015, Didi Dache and Kuaidi Dache announced they would merge to create one of the world’s largest smartphone-based transport service companies, worth around $6 billion. It was not clear whether the merger may have violated China anti-monopoly law.[1]
In December 2015, taxi drivers protested against Didi Dache and Kuaidi Dache. Both companies were forced to close their offices in the city of Luoyang.[2]
Uber entered the Chinese market in August 2013. However, Uber lost approximately US$2 billion dollars trying to compete with Didi Dache and Kuai di Dache. Both Didi and Kuaidi, two local Chinese ride-hailing apps, are estimated to control close to 80% of the market. China is the biggest market in the world. Uber is trying to get in the game and they are putting more money and resources to keep up with Didi Dache. Uber is doing well in America, but they are losing a lot of money in China. Backers of the taxi apps, Tencent and Alibaba are rivals with China's biggest search engine Baidu, who is funding Uber to fight Didi Dache. While Baidu is competing against Didi Dache with Uber, Baidu is also fighting against Alibaba and Tencent directly. Didi ultimately acquired Uber's China operations in July 2016.
In 2015 Didi Dache decided to merge with Kuai Di Dache. The combination of these two company generated a new 6 billion dollar net worth company. The two company decided to combine but would continue to operate separately. The expansion of the two company attracted more riders and drivers. The company has more money to upgrade both apps and services. The company can also expand travel distances and options. When Kuaidi Dache and Didi Dache realized that Uber will try to step into China, the two founders stopped their brutal war and went into a secret negotiation. The two founders felt pressure and insecurity so they finally decided to merge into one company. When the two companies merged, Alibaba and Tencent worked together to back the company with money and technology. For example, Tencent can aid the company with funding and with the app Wechat for advertisement and calling for taxi. Alibaba backed the company with funding and Alipay. The backers are not only funding Didi Kuaidi but they are aiding the company with technology as well.
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Wikipedia