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Assuming that Didi didn't have the resources to expand into the US directly (and god knows Lyft isn't going into China any time soon), I think this is a great d
by bosdev 11y ago
Assuming that Didi didn't have the resources to expand into the US directly (and god knows Lyft isn't going into China any time soon), I think this is a great deal. It allows Didi to maintain a reasonable modicum of pressure on Uber and dip its toes into the US market without any significant resource outlay. It doesn't though help Lyft to compete with Uber any better than the somewhat lackluster job they've done of it in the past couple of years. Perhaps the money, and the advertising it allows, will help. There is still a significant proportion of people who have never used Uber or Lyft, what the companies do to capture them is going to be very interesting.
- RandallBrown 11y agoIs Lyft doing a lackluster job competing with Uber? My friends and I all use Lyft and I hardly know anyone that uses Uber. This is in Seattle.
- dylanjermiah 11y agoUber is doing 10x more revenue and 20x more bookings(last time I saw stats, which was 1-2 years ago)
- Silfen 11y agoAnd here's the problem with anecdata: Most people I know use both, or Uber exclusively. This is also in Seattle.
- pbreit 11y agoI think it's relatively uncontroversial that Uber is substantially larger than Lyft in most or all markets. But Lyft also appears to be maintaining its share and even growing it in many markets, where many left it for dead.