Chinese ride-hailing giant Didi has successfully landed on the US stock market, but there are actually thousands of other companies in China with similar businesses.
There are 7,448 "ride-hailing" companies in China including Didi, according to data provider Qichacha.
Looking at the development of car-sharing-related companies over the past decade, the number of company registrations peaked in 2018 and 2019, with 2,176 and 2,913, respectively.
Company registrations in that area in 2020 fell by 54.6 percent year-on-year, with 1,323 companies registered for the year.
Looking at this year's registrations, in the first half of 2021, China's ride-hailing company registrations were 465, down 36.6 percent year-on-year.
In terms of the number of registrations by month, March and April this year were the months with more registrations, 92 and 84 respectively.
In terms of geographic distribution, existing ride-hailing-related companies in China are mainly located in provinces such as Yunnan, Shandong and Liaoning, according to Qichacha.
Yunnan has the largest number of ride-hailing-related companies, with 1,181 companies. Shandong ranks second, with 990 companies, and Liaoning ranks third, with 895 companies.
In terms of registered capital, ride-hailing-related companies with registered capital of less than RMB 1 million ($154,394) accounted for 40 percent of the companies, while those with registered capital of RMB 1-5 million and RMB 5 million or more accounted for 25 percent and 35 percent, respectively.
Didi opened at $16.65 on June 30, trading under the symbol "DIDI" on the NYSE, nearly 19 percent higher than its offering price of $14.
Didi rose to more than 28 percent on the day, and finally closed up 1 percent at $14.14, with a market capitalization of nearly $67.8 billion.
On July 1, Didi rose 15.98 percent to $16.40.
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