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 / Technology

Didi arms itself with funding for war with Uber

By Meng Jing (China Daily) Updated: 2016-06-17 10:26

Didi Chuxing has completed a $7.3 billion round of financing-a huge chunk of money that will give China's largest ride-hailing platform a bigger war chest to fend off Uber Technologies Inc in its home market.

The Beijing-based Didi said in a statement that it raised $4.5 billion in equity funding from new investors including Apple Inc as well as existing investors, including the country's internet giant Alibaba Group Holding Ltd and Tencent Holdings Ltd.

In addition to the equity investment, the Beijing-based company also landed a debt package of as much as $2.5 billion led by China Merchants Bank Co and a long-term debt investment of 2 billion yuan ($304 million) from the country's top insurer China Life Insurance Co. It didn't reveal its valuation after the new round of funding but said it now has $10.5 billion of disposable funds.

The announcement came weeks after its United States rival Uber said it has raised $3.5 billion from Saudi Arabia's sovereign wealth fund, which pushed Uber's fundraising to $6 billion.

Analysts said that both Didi Chuxing and Uber use heavy discounts and cashback coupons to build and retain a gigantic clientele in hopes of pre-empting future competition.

"It remains to be seen how long they can keep up with this business model, but it is obvious that they could use some of their investors' money to keep afloat," said Travis Wu, vice-president and research director at Forrester Research Inc.

Didi, which has already expanded to more than 400 Chinese cities, has been gradually reducing its subsidies for certain cities and certain services.

But, it needs to spend more to improve user experience to keep its Chinese users loyal, especially in face of the competition brought by Uber, said Zhang Xu, analyst with the Beijing-based internet constancy Analysis International.

Emil Michael, chief business officer of Uber, said on Wednesday that China is one of the most important markets for the ride-hailing giant globally, adding it has completed more trips in China than in its home market-the United States.

It claimed its market share in China has surged from about 1 percent to 30 percent.

Compared with Didi's dominant position in China, Uber has expanded to more than 60 Chinese cities and it is on track to hit 100 cities by the end of this year.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 视频综合网| 青青视频国产依人在线 | 免费高清不卡毛片在线看 | 免费一级a毛片在线 | 成人久久18网站 | 久久全国免费久久青青小草 | aaaaaaa毛片| 男人天堂亚洲 | 中文字幕一区二区三 | 久久综合给合久久狠狠狠97色69 | 边接电话边做国语高清对白 | a级一级黄色片 | 久草在线观看首页 | 国内精品一区二区三区最新 | 女人张开腿让男人桶视频免费大全 | 女人a级毛片 | 国产成人免费片在线观看 | 国产日韩欧美一区二区三区综合 | 99精品在线免费 | 波多野结衣在线免费观看视频 | 在线观看毛片视频 | 久久久久久久久久久久久久久久久久 | 久久99视频 | 日韩3级| 国产第一区二区三区在线观看 | 九九热视频在线播放 | 午夜国产 | 亚洲精品m在线观看 | 欧美特黄一级aa毛片 | 日本高清不卡在线观看 | 日本视频一区二区三区 | 看美国毛片 | 久久久久无码国产精品一区 | 久久99亚洲精品久久99 | 手机看片久久青草福利盒子 | 国产精品三级在线播放 | 久久在线免费观看视频 | 永久免费毛片手机版在线看 | 国产下药迷倒白嫩丰满美女j8 | 欧美一级做一级爱a做片性 欧美一欧美一级毛片 | 在线观看国产日本 |