There's a lot of vc money floating around China(lots of nouveau riche people + limited ways to invest). This means a lot of competition. Unlike Uber Didi has a

There's a lot of vc money floating around China(lots of nouveau riche people + limited ways to invest). This means a lot of competition. Unlike Uber Didi has a lot of competition. Consumers will use whichever service discounts rides the most. Recently didi has seen a few new, well funded competitors and coincidentally a rash of negative PR.