China’s ridesharing app market is full of contenders, but most observers agree that Didi Kuaidi, the domestic company formed when Didi Dache and Kuaidi Dache merged, is at the front. Just how far out ahead is it? According to a new infographic in Chinese business magazine Caixin, everyone else is so far behind they barely even appear in Didi’s rearview:
In case the text is a little small for you, that says that Didi Kuaidi has 80.2 percent of the car hire service market as of June. Uber has 11.5 percent. Yidao Yongche has 6.3 percent, and everybody else barely even registers.
It’s not clear exactly where Caixin’s data comes from, as the article vaguely cites “research.” It’s also not clear precisely how this market share was calculated: are we talking total rides? Revenue? Transaction volume? There are definitely questions to be asked. But unlike some of China’s sketchier tech news sites, Caixin is a well-respected business journal with a reputation for editorial excellence. Wherever its numbers come from, they probably ought not be taken too lightly.
Update: As commenter JR pointed out, it’s worth noting that Tencent has invested in Caixin. However, back at the time of investment, Tencent did say that it would not be involved in Caixin’s day-to-day operations, and Caixin would retain its editorial independence.
(Source: Caixin)
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