Skip to main content

Digital Trends may earn a commission when you buy through links on our site. Why trust us?

Uber says it’ll beat Didi in China within a year, Didi says “cute”

Not so long ago, Uber said it was losing $1 billion in China. But now, it seems that the transportation giant’s fortunes have changed — and significantly at that. According to Zhen Liu, SVP of Strategy at Uber China, the car service will not only catch up to, but beat dominant rival Didi within the next year. “Last year, we were only operating in eight cities and we were [at] about one percent marketshare, Liu said in an interview at Converge in Hong Kong. “A year later, we are about one-third of the marketshare and operating in over sixty cities across China.”

This is a bold claim given Didi’s impressive hold on the Chinese market today. Uber’s chief competitor claims 87 percent of the market in private car services and nearly 100 percent when it comes to taxis, says Jean Liu, Didi’s president. When speaking with CNBC’s “Squawk Alley” at the Code Conference on Friday, Liu took a jab at Uber, calling the company’s strategies “cute.”

Recommended Videos

“I find it quite cute because I’ve never seen a company put their competitor’s brand on their own homepage,” she said, referencing the fact that when you open the Chinese version of the Uber app, you’re confronted with an advertisement alleging that prices are 30 percent lower than Didi’s.

“This is a very strong proof to show that we have better service, and I’d like to see this more often,” she added.

While it’s tough to say who will ultimately win in this epic battle of the ride-sharing services, the tension certainly highlights China’s importance as a still-growing market. Didi’s Senior Director for International Strategy, Li Zijian, noted that conjecture at this point is a bit useless.

“There’s lot of competition in the ride-sharing market, that’s true [but] what we are really doing is to focus on what’s in front of us,” Li said. “It’s like running a hurdles race, if you want to win a hurdles race the only thing you need to focus on is what’s in front of you. You don’t really look over your shoulder to see what other athletes are doing.”

Lulu Chang
Former Digital Trends Contributor
Fascinated by the effects of technology on human interaction, Lulu believes that if her parents can use your new app…
Trump says he’ll ban TikTok from the U.S.
Trump stylized image

President Donald Trump said he will ban the popular video app TikTok from operating in the U.S. -- and do it as early as Saturday.

Trump told reporters aboard Air Force One Friday evening that he will use emergency powers or an executive order to block the app, according to The Hill. “As far as TikTok is concerned, we’re banning them from the United States,” he told reporters. "I have that authority."

Read more
Dashlane simplifies digital credential management for people, teams and businesses
Dashlane credential management tool for teams featured image

Have you ever considered a credential management tool for your team or business? Allow me to explain. When it comes to digital and online safety, something you hear often is never to share your credentials, account details, or passwords with anyone. You're not supposed to share account details or passwords, even with people you know well. That's not necessarily because they can't be trusted, it's more that you never know how someone else will handle your sensitive information. If they stow it somewhere easily accessible, like in a plain text document on their desktop, it weakens your security and makes your accounts more vulnerable. Plus, there’s no telling who they’ll share that information with.

Keeping your logins to yourself is also how you’re advised to protect professional or business accounts in the workplace. But it makes things more difficult, especially when you’re working with a team. Sometimes, you need tool or platform logins to be available to everyone. There is a much better way to administrate password sharing, and most importantly, it doesn’t compromise security. The answer is a digital credential management tool like Dashlane.

Read more
Thanks to Squarespace Refresh website building has never been more intuitive
squarespace refresh makes web building intuitive featured image

When it comes to building and designing your own website, from scratch, there is a lot of trial and error involved. Believe me, I've been there. But what's more important as an entrepreneur and when you're trying to present your business, big or small, is that the presentation has to be decidedly professional. It needs to be attractive and user-friendly, with easy access to everything that's most important for your business. Whether that's a section to browse available products, checkout, learn more about you and the team, or something else entirely. It's a lot of work and requires a lot of time invested. It's so much easier to have a templatized and convenient builder handy.

That's precisely where you can turn to something like Squarespace, which makes it so much easier to build the website of your dreams. But even more exciting is Squarespace's 2024 Refresh announcement. A product showcase, the brand says it creates a "new era for entrepreneurs." From new design tools with AI-powered features to enhanced business solutions to bring your business websites to the next level, the goal is to elevate your experiences and those of your visitors or customers. Let's take a closer look.

Read more