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For people living in Beijing, this is really a bad news. Didi and Uber China have been in fierce competition for quite a long time, both of them gave consumers
by 0x80000000 10y ago
For people living in Beijing, this is really a bad news.
Didi and Uber China have been in fierce competition for quite a long time, both of them gave consumers HUGE discount. For example, Uber is showing me a promotion which I can go as far as 5 KM around at the cost of just 5 RMB (0.75$).
After merging, I'm afraid we won't see such a low price anymore.
- puranjay 10y agoYeah there is no way they can sustain these prices in the long term. Here in India, because of the price war between Ola and Uber, you can travel for as low as $0.04/km - cheaper than even the cheapest mode of transport (rickshaws).
- snaky 10y agoPeople living in Beijing enjoy political stability and wise Party decisions. > From disruption to state-sanctioned monopoly in the blink of an eye. Welcome to the Chinese internet > http://www.wsj.com/articles/uber-in-china-why-foreigners-never-win-in-tech-1470043521 http://www.wsj.com/articles/uber-in-china-why-foreigners-nev...
- forgetsusername 10y agoDemand (and revenue) will suffer accordingly.