Didi Chuxing's Chen Wei Says Uber's Withdrawal from China a Result of Market Competition
Yicai Global
/SOURCE : Yicai
Didi Chuxing's Chen Wei Says Uber's Withdrawal from China a Result of Market Competition

(Yicai Global) Nov. 18 -- Cheng Wei, the founder of Didi Chuxing, a giant of China's sharing trip industry, said today that Uber's withdrawal from China results from market competition rather than the government's protection.

Chen gave such words during his address today to the Third World Internet Conference held in Wuzhen, in southeastern Zhejiang province.

Didi Chuxing's daily orders are as much as three-fold those of Uber worldwide, indicating the end of Uber's home-game, and Didi will try playing the game away from home. Didi Chuxing will further advance its integration and development with traditional taxi industries.

Chen thinks that, after a decade, people will not buy as many cars as today. Nevertheless, travel will be more convenient thanks to the advancement of sharing economies. Car ownership will become superfluous, and people will only need to pay for ride-sharing, and this will act as the impulsion for the rapid development of 'internet + trip,' said Chen.

He also said that Didi Chuxing has created 386,000 jobs in 17 provinces over the past four years.

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