Didi Chuxing is China’s equivalent of Uber and just recently has overtaken Uber as the number one ride-hailing service in the country. Following the success on their home turf, the transportation company is now looking to branch out further across the world. It probably won’t be too difficult for the firm either as they currently cope with around 20 million rides a day.
Earlier this year Uber threw in the towel of their Chinese division and sold up to Didi Chuxing as they just couldn’t compete over there. As well as a solid database of cars and drivers, they also have to ensure their software is kept up to date and running efficiently as currently the company analyzes around 70 terabytes of data per day. And, at the end of the day, it’s the data that’s going to keep the company ahead of the game.
The next stage for Didi Chuxing, other than expanding abroad, is to continue to gather data to build artificial intelligence for autonomous cars in the near future. As part of the company’s global spread, they may even look to collaborate with Lyft to offer a combined service of some sort.
Many big companies have invested in the likes of Didi Chuxing, including Uber with a reasonable 17 percent share, Tencent, Alibaba, and Apple invested a whopping $1 billion just last May. So, with all these big names just busting to get in with Didi Chuxing you know there is something worth waiting for.
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