www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto China

Nation's commuters skip taxis as Uber lures with free rides

(Agencies) Updated: 2015-06-18 07:21

Nation's commuters skip taxis as Uber lures with free rides

A Chinese mobile phone user uses the taxi-hailing app Didi Dache backed by Tencent on his smartphone in Shanghai, Oct 16, 2014. [Photo/IC]

Jessica Yang switched from taxis to chauffeured cars for the commute into her Beijing office as rides have become cheaper. These days, she often goes for free, because apps such as Uber Technologies Inc offer big incentives to win customers.

"I just go for whatever is cheaper," said Yang, 41, who does not drive and has taken free rides offered by Uber and local rival Didi Kuaidi. "There is no loyalty here. Almost all the cars are better than Beijing's smelly taxis."

Uber and the clones it spawned are widely considered the next big thing for the technology industry, with venture capital and hedge funds lining up to bet on their prospects. In China, the race to win over hundreds of millions of paying commuters has pushed companies to put market share before profitability, behavior common during the dot-com bubble that peaked in 2000.

"The new round of price wars is about to start, and it'll be a war of attrition," said Zhang Xu, a Beijing-based analyst at Analysys International, which advises Internet companies.

"Unlike previous price wars, where they were mainly attracting new users, they now need to fight to grab each other's users. They'll need to have enough capital so that they can last."

There has been no lack of willing backers in China's ride-hailing competition.

The company operating the Didi and Kuaidi apps is seeking to raise at least $1.5 billion to fend off Uber in China, with funding coming from new and old investors, people familiar with the matter said this week.

Backed by Alibaba Group Holding Ltd and Tencent Holdings Ltd, Didi Kuaidi announced earlier it would give away 1 billion yuan ($161 million) worth of rides to commuters to compete against Uber and Yidao Yongche, which also operates in the estimated $1 trillion-a-year market for transportation services in the world's most populous country.

Didi Kuaidi dominates China's car-hailing market with 78 percent of ride bookings, while Uber has about 11 percent, according to Analysys.

Uber plans to invest more than $1 billion in China this year alone, according to a letter to investors from Chief Executive Officer Travis Kalanick. Riders are completing almost 1 million trips a day in China, doubling in the past month.

Internet companies are "burning the cash" to build scale for taxi-hailing, and now private-car booking, because they are among the most frequently used services in daily life and can drive usage of their other products, such as mobile payment, said Wendy Huang, the Hong Kong-based head of Asia Internet and media for Macquarie Bank Ltd.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 性久久久久 | 97视频在线免费播放 | 波多野结衣aⅴ在线 | 国产在视频线精品视频二代 | 国产亚洲精品一区二区在线播放 | 久久综合日韩亚洲精品色 | 美女张开腿让男人桶爽免费网站 | 99久久精品免费看国产四区 | 欧美日韩中文字幕在线观看 | 99www综合久久爱com | 国产日韩在线播放 | 国产精品1区2区 | 国产成人区 | 久久久久久久国产a∨ | 日日撸夜夜操 | 三级com| 久久婷五月天 | 国产不卡a| 亚洲成人欧美 | 国产成人a一在线观看 | 成人合集大片bd高清在线观看 | 欧美久色 | 深夜福利视频在线看免费 | 亚洲性xx| 精品日本一区二区三区在线观看 | 成人黄色毛片 | 亚洲在线免费免费观看视频 | 亚洲精品手机在线 | 精品成人一区二区三区免费视频 | 欧美成人手机视频免费播放 | 成人软件网18免费视频 | 久久污| 在线一区二区观看 | 国产一区二区成人 | 一区二区三区免费视频 www | 福利姬在线精品观看 | 中国日本高清免费视频网 | 一男一女的一级毛片 | 97视频在线免费播放 | 国产特黄一级一片免费 | 亚洲精品手机在线 |