Its retreat paved the way for Didi to grow into China’s undisputed ride-hailing champion, which today processes over four-fifths of all domestic orders. Ride-hailing firms depend disproportionately on customers in big cities, where population density is highest. BRENDAN SMIALOWSKI/Getty Uber lost some US$2 billion over two years in ChinaYet most analysts in China take Didi at its word. China’s market is big enough that serving such a niche is a big business. It helps that local authorities have, for the most part, turned a blind eye to rule-bending by the ride-hailing firms.

Source: Stuff February 16, 2021 02:26 UTC