Steven Millward · · 1 min readChina’s Didi Kuaidi sees rides rise 20-fold in a year
A junction in Shanghai. Photo credit: Carlos ZGZ.
China’s homegrown Uber arch-rival, Didi Kuaidi, is still seeing exponential growth nearly four years after the app launched.
The number of completed rides rose 20-fold from March 2015 to March this year, revealed Softbank today in its earnings briefing for 2015. Softbank is an investor in Didi.
The report also stated that Didi is profitable in 230 of the 300 cities where it operates. That’s likely a reference to Didi’s private car rides, which compete directly with UberX and UberBlack – not to Didi’s service for regulated taxis, which covers well over 400 Chinese cities.
Image credit: Softbank.
Didi Kuaidi in March said that it’s seeing 10 million rides each day, which is up from six million daily rides six months prior to that.
It’s hard to compare Didi and Uber directly as Didi offers so many more transportation options. Aside from conventional taxis, it also covers carpooling, commuter shuttle buses, and scheduled airport pick-ups.
Editing by Michael Tegos and Osman Husain
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