DiDi to Rival Baidu with New Map Business
Currently, the feature is only available within the DiDi app and the firm might later spin it off as an independent app.With Baidu and AutoNavi dominating the field both having an MAU of more than 400 million the task for DiDi to grasp a portion of market share looks very difficult.
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DiDi to Increase 100,000 Shared Bike in Beijing
BYD and DiDi Team up to Launch Customized EVs
Government documents show that BYD received approval from the Ministry of Industry and Information Technology of China last month to sell an electric vehicle developed with DiDi called 'D1.' A person familiar with the joint venture between DiDi and BYD revealed to Reuters that the D1 is a vehicle developed by the two companies specifically for online ride-hailing services. Currently, the two companies are trying to deliver these vehicles to DiDi's fleet partner company within this year.
DiDi is currently developing a series of automotive-related technologies and has established several joint ventures with established automakers such as Volkswagen, BAIC and BYD to cooperate in smart car development and fleet management.
DiDi allied with automakers to develop cars specifically for online car-hailing back in 2018. According to the agreement, DiDi will provide car companies with customer knowledge and operational skills in exchange for car companies' expertise in car design.
At present, DiDi is also expanding its business in China. The company's CEO plans to complete 100 million orders per day by 2022 and make global monthly active users reach 800 million.
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DiDi Lands in Russia, Hinting European Expansion
DiDi officially announced its entry into the Russian market, providing express services in Kazan, the capital of the Republic of Tatarstan, on August 25.
Zhu Jingshi, senior vice president and head of the international business of DiDi, said in an interview with the media that the reason DiDi has chosen Kazan is not only because it is the capital of the Republic of Tatarstan but also because it is an economic center and an important transportation and tourism hub with the largest Internet technology innovation industry zone in Russia.
As early as October 2017, according to the Russian media, Kirill Dmitriev President of the Russian Direct Investment Fund, said that China's ride-hailing platform DiDi Express will soon enter the Russian market. Dmitriev revealed that the Russia-China Investment Fund jointly established by Russia Direct Investment Fund and China Investment Corporation became an investor of DiDi as early as November 2016.
DiDi has been accelerating its international layout for quite some time now. Since 2018, DiDi has carried out travel, takeaway and intra-city delivery services in important markets such as Brazil, Mexico, Chile, Colombia, Costa Rica, Panama, Australia and Japan.
Liu Qing, President of Didi Chuxing, publicly announced in an interview with CNBC in May this year that Didi's core online car-hailing business has achieved profitability. The firm has more than 60% of the market share of online car-hailing in China.
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