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Didi's market share in Latin America approaches 50%

Phate Zhang Nov 19, 2020 19:45 GMT+8

Didi's market share in Latin America approaches 50%-CnTechPost

Chinese ride-sharing giant Didi Chuxing's president Liu Qing said that Didi's market share in major Latin American markets is already close to 50%, underlining Didi's firm determination to develop in overseas markets.

She revealed this at the APEC China CEO Forum 2020. She argued that Chinese companies have an advantage over their Western counterparts abroad.

She said that Chinese companies are more cooperative and service-oriented, open-minded, tolerant and respectful, and use technology to meet a variety of needs.

As for foreign companies, "our observation is that a lot of Western companies do things in a one-size-fits-all manner, one product is applicable to the whole world, like a cookie-cutter, and they are not willing to change their code and products for emerging markets.

Didi unveils D1, a car for sharing and built in partnership with BYD

Didi began international operations in 2018 and currently operates taxi, delivery and payment services in 13 markets, including Latin America, Australia and New Zealand, Japan and Russia.

At the beginning of this year, Didi CEO Cheng Wei proposed the company's "0188" strategic goal for the next three years, which requires the company to serve 100 million units per day and more than 800 million MAU of global service users within three years.

Cheng said that Didi has already served more than 1 billion travel orders overseas in early 2020, and in the next three years, the company will push forward the development of international travel, delivery and innovative business.

Didi and BAIC unveil next-gen L4 self-driving car

#Didi
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Phate Zhang
Phate is the founder of CnTechPost and the main author of the site. He has been reporting in Chinese and English since 2009, focusing on macroeconomics and capital markets. He is also a tech enthusiast, and it is his interest to follow tech industry developments.
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