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> The round was said to have raised the four-year-old startup’s valuation to about $50 billion, up from a previous $34 billion after its acquisition of Uber’s C
by huangc10 9y ago
> The round was said to have raised the four-year-old startup’s valuation to about $50 billion, up from a previous $34 billion after its acquisition of Uber’s China business.
Uber's valuation is ~$70 billion while Lyft's valuation is less than $10 billion. Therefore it seems like the two main players in ride-sharing will be Uber and Didi for the next while.
I can see Didi branching towards other markets (outside of China) and directly competing with Uber and Lyft. This will be interesting in the next while.
- nojvek 9y agoTo be honest this is just speculation of what investors believe future value to be. Basically whoever gets a self driving fleet in production will win it big. This could be a startup that may not even be born yet. But it's bizzare how people are throwing a lot of money at some companies. It feels like Uber has a fuck ton of money and because of that there is a ton of politics and pressure. So much that their engineers resort to suicide. I imagine a shit storm in didi too. Too much funding is a curse.
- Markoff 9y agoChinese companies can't success abroad, because they win Chinese market with help of government protecting them from competition name one Chinese service/software company which would be major player outside China only partly successful companies are hardware companies like Huawei, Lenovo, xiaomi or DJI thanks to their prices with some of them growing to different segments over time