USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Business

    Yongche steps up drive to do battle with Didi

    By Meng Jing And Zhong Nan | China Daily | Updated: 2016-08-03 07:37

    Didi Chuxing and Uber China may not have an easy victory in China, even though their newly announced merger is expected by analysts to create a dominant player in the country's rapidly growing ride-hailing market.

    Under the deal, Didi will acquire Uber China while Uber Technologies Inc and Uber China's other shareholders will receive a 20 percent shareholding in the combined company.

    Yongche Inc, which has immediately become the No 2 ride-hailing player in China after the tie-up between Didi and Uber, said on Tuesday that it will soon launch a very lucrative incentive program to gear up the competition in attracting users.

    Without revealing how much it is going to invest in the program, Yongche, which is majority-owned by the Beijing-based internet major LeEco, said the incentive investment will be "record high".

    "The ride-sharing industry doesn't need a monopoly and there will be no place for monopolists to stand in the industry," said LeEco in a Weibo post.

    Many industry observers said the main reason for the truce between Didi and Uber China was that the two wanted to end their costly competition. Uber has spent at least $1 billion a year to gain ground in China, while Didi has been offering its own subsidies to drivers and riders to build its business.

    Wang Xiaofeng, an analyst at Forrester Research Inc, said the merger of Didi and Uber China could provide more opportunities to second-tier players in the market.

    "Because consumers will always want more options and it will never be a monopoly. For example, the Didi-Kuaidi merger gave room for the third player Uber to grow, and this merger will likewise do the same for smaller players," she said.

    However, Zhang Xu, analyst with Analysys International, said that with Didi and Uber China joining hands, it would be more difficult for smaller players to gain more market share.

    Statistics from internet consultancy Analysys International showed that Didi had 127 million active users by the end of second quarter of the year, while Uber China had 31.07 million and Yongche had 10.5 million in same period.

    But the Didi and Uber China merger still needs the authorities' approval.

    The Ministry of Commerce said on Tuesday it hasn't received a business declaration from Didi and Uber though both companies announced their merger on Monday.

    All businesses with a large scale of operations that may monopolize a market must submit a business declaration to the Ministry of Commerce, as well as wait for an antitrust investigation.

    Companies without such clearance will not be allowed to carry out a merger and acquisition in China.

    Shen Danyang, the ministry's spokesman, said as these two companies haven't submitted a business declaration to the ministry, their merger will not become effective and legal.

    Didi Chuxing and its previous rival Kuaidi also didn't submit business declaration to the ministry when they merged last year, according to the ministry.

    Didi was not available for comment on Tuesday.

    Contact the writers at mengjing@chinadaily.com.cn and zhongnan@chinadaily.com.cn

    Yongche steps up drive to do battle with Didi

    Travis Kalanick, CEO of Uber Technologies Inc, and Jean Liu, president of Didi Chuxing.

    Editor's picks
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    亚洲国产中文v高清在线观看 | 色偷偷一区二区无码视频| 无码不卡亚洲成?人片| 精品欧洲av无码一区二区14 | 中文无码vs无码人妻| 亚洲Av永久无码精品三区在线| 无码超乳爆乳中文字幕久久| 国产精品亚洲а∨无码播放| 国产成人无码一区二区三区在线| 亚洲日韩中文无码久久| 变态SM天堂无码专区| 亚洲精品无码专区在线在线播放| 中文字幕成人免费视频| 午夜无码中文字幕在线播放| 国产拍拍拍无码视频免费| 中文字幕日韩欧美| 中文字幕欧美在线| 狠狠躁天天躁无码中文字幕图| 免费a级毛片无码免费视频120软件 | 日韩人妻无码精品专区| 亚洲欧美日韩一区高清中文字幕| 国产在线观看无码免费视频| 亚洲AV无码专区国产乱码4SE| 中文字幕在线无码一区二区三区| 亚洲乱码中文字幕手机在线| 亚洲一区二区中文| 最近完整中文字幕2019电影| 最近中文国语字幕在线播放| 久久精品中文闷骚内射| 中文文字幕文字幕亚洲色| 91精品无码久久久久久五月天| 久久久无码精品亚洲日韩蜜臀浪潮| 一本色道无码道在线观看| 精品无码一区二区三区在线| 日韩精品无码一区二区三区AV| 欧美日韩不卡一区二区三区中文字 | 国产精品无码DVD在线观看| 2021国产毛片无码视频| 国产精品无码素人福利| 精品久久久久久无码中文字幕| 久久伊人中文无码|