[For cab lovers] Uber Sells it's China business...

[For cab lovers] Uber Sells it's China business to Didi Chuxing, to sharpen its focus on India

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Deal Major
The battle between Uber and its fiercest competitor is over—and Uber lost

A long-running battle in China between two powerful internet companies is over—and ride-hailing giant Uber has lost.

Didi Chuxing, China’s most popular ride-hailing service, is set to acquire Uber China, a source briefed on the deal told Quartz.

Didi will invest $1 billion in Uber Global, and Uber China investors will get a 20% stake in the new combined company. The news was first reported by Bloomberg

A blog post circulated on WeChat from Uber CEO Travis Kalanick states that the merger stems from a need for both companies to get to profitability. “Getting to profitability is the only way to sustainable business that can best serve Chinese riders, drivers, and cities over the long term,” reads the post.

blog post circulated on WeChat from Uber CEO Travis Kalanick states that the merger stems from a need for both companies to get to profitability. “Getting to profitability is the only way to sustainable business that can best serve Chinese riders, drivers, and cities over the long term,” reads the post.


Uber burnt about $2 billion to date in China in order to catch up with Didi, which had a two-year head start. As of two months ago, it was still much smaller when measured for daily completed rides.


Uber is currently in over 60 Chinese cities, while Didi is in more than 300. Creation of the merged company, which Bloomberg values at $35 billion, will put an end to a cash burning frenzy.

Source: http://qz.com/746930/the-battle-between-uber-an...

Taxi War: उबेर ने चीन से समेटा अपना कारोबार, भारतीय बाजार पर कब्जा जमाने की तैयारी!

एप आधारित टैक्सी सर्विस देने वाली कंपनी उबेर ने चीन का अपना कारोबार दीदी चुक्सिंग को बेच दिया है। एनालिस्ट और इंडस्ट्री एक्सपर्ट्स के मुताबिक इस मर्जर के बाद कंपनी ग्लोबल एक्सपेंशन के तहत भारतीय बाजार पर फोकस कर सकती है। दरअसल अमेरिका की दिग्गज कंपनियों के लिए चीन के बाजार पर कब्जा करना कभी आसान नहीं रहा है। उदाहरण के तौर पर चीन की कंपनियों से मात खाने के बाद ई-कॉमर्स दिग्गज अमेजन पर भारत में बड़े पैमाने पर निवेश कर रहा है। मार्केट पर कब्जा जमाने की जंग का असली फायदा ग्राहकों को ही मिलेगा।

टैक्सी कंपनियों में मची भारत के लिए होड़

एक्सपर्ट्स का कहना है कि अबेर के लिए भारत अगला लड़ाई का मैदान है। उन्होंने कहा कि कंपनी चीन से बाहर हो चुकी है, ऐसे में भारत में निवेश 2-3 गुना बढ़ा सकती है। उबेर भारत की मार्केट लीडर ओला से मार्केट शेयर की जंग पहले ही शुरू कर चुकी है। उबेर सीईओ ट्रैविस कालानिक ने अपने आधिकारिक बयान में कहा कि मर्जर से दोनों कंपनियों को नई ऊंचाई छुने में मदद मिलेगी। दूसरे देश में कारोबार फैलाने से लेकर सेल्फ-ड्राइविंग टेक्नोलॉजी तक सभी पर काम कर सकेंगे।

ओला और उबेर का सीधा मुकाबला

ओला के निवेशक रेहान यार खान ने कहा कि यह साफ है कि चीन में उबेर का मर्जर नहीं हुआ है बल्कि कंपनी ने अपना कारोबार बेच दिया है। उन्होंने कहा कि उबेर ने स्पष्ट रूप से चीन का बाजार खो दिया है। दीदी चुक्सिंग के पास पैसा है इसलिए वह अपना कारोबार का विस्तार करना चाहती है इसी कड़ी में यह गठबंधन हुआ है। पिछले साल भारत की सबसे बड़ी टैक्सी एग्रीगेटर कंपनी ओला में दीदी चुक्सिंग ने निवेश किया था। बेंगलुरु स्थित कंपनी में अपनी हिस्सेदारी के लिए 50 करोड़ डॉलर दे चुकी है। खान ने कहा कि यह मर्जर एसे समय पर हुआ है जब ओला मार्केट पर कब्जा बनाए रखने के लिए फंडिंग जुटाने की कोशिश कर रहा है। हालांकि बाजार पर बादशाहत की जंग में फायदा आम आदमी को भी मिलेगा।

Source: http://paisa.khabarindiatv.com/article/uber-shu...

Read more:

Uber’s deal with Didi is a win-win for everyone — except the ‘Anti-Uber Alliance’


Uber drives out of China, to sharpen its focus on India


After merger with Didi, Uber is reportedly planning to boost resources for Southeast Asia, specially India


4 Dimers
Deal Major

Actually they have understood no business can sustain in China, be it Ebay,Amazon, Uber https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Indians are crazy, they don’t care whether business is Indian or it is a foreign company, all businesses are turning to India, good for them https://cdn3.desidime.com/assets/textile-editor/icon_cool.gif

Tumblr m4q3h6w6sx1r4x8u1o1 500
Deal Cadet

yeah, more offers now


Nobody can compete with Chinese’

Deal Major

Uber says Didi Chuxing deal frees resources for key Indian market

US ride-hailing firm Uber said that the recent deal to fold its China operations into local rival Didi Chuxing would allow it to invest more in India, where it has recorded rapid growth this year, according to a letter to investors obtained by Reuters on Wednesday.

Three years after it launched in India, Uber says it now operates in 28 cities and is completing 5.5 million passenger car trips per week.

That compares with just 65,000 per week in January, 2015, and marks an increase of more than threefold from the 1.6 million trips a week in India in January of this year, the three-page investor note said.

Didi’s acquisition of Uber’s Chinese business last month ended a cutthroat battle there, allowing the San Francisco-based company to redirect its efforts at challenging homegrown Indian competitor Ola.

“Some of our fastest growth is in India, and the merger with Didi frees up resources for additional investment in our customer experience and technology there,” said the letter dated Sept. 7.

The stakes for ride-hailing firms are particularly high in India, already one of the world’s fastest growing taxi markets, as choking cities leave fewer Indians the room or appetite to buy their own cars.

Uber insiders said at the time that the Didi deal would allow it to double down on resources, staffing and technology in the Indian market.

Uber declined to comment when asked about the letter.


Uber, co-founded in 2009 by Travis Kalanick, has gone on to become the world’s most valuable startup worth $70 billion.

The details of Uber’s operating performance in India have not been previously reported. Uber now completes more than one million car trips per week in the Indian capital New Delhi and in the southern tech hub of Bengaluru.

“India is now our largest market outside of the United States and accounts for 12 percent of all Uber trips globally,” the letter said.

Uber hosts 400,000 drivers on its platform in India, around half of which are active. It also has more than five million monthly active riders, which is the second-largest outside the United States.

India, a nation of 1.3 billion whose population is set to overtake China’s by 2022 according to the United Nations, poses a unique set of challenges to ride-hailing firms.

In Delhi, Uber faced a regulatory backlash against its so-called “surge” pricing model that ramps up fares at busy times.

It has also just launched a “dial an Uber” feature in some cities with patchy network coverage that makes it easier to order a cab for someone else.

Commenting on Uber’s broader strategy, the letter said the company would focus on ride-sharing service UberPOOL, food delivery app UberEATS and self-driving cars that will undergo first pilot tests this month in the US city of Pittsburgh.

UberPOOL is now available in 30 cities around the world and accounts for approximately 20 percent of all trips globally, the letter said. That compares with a share of 25 percent in the six Indian cities where UberPOOL is now available.