TechCrunch

China’s taxi on-demand war reignited: Didi rival UCAR is raising $1 billion

Emma Lee, reporting for TechCrunch;

Didi Chuxing’s deal to acquire Uber China seemingly left the Chinese ride-hailing giant as the last man standing and therefore sole winner of China’s vast ride-sharing market. However, Didi’s success has also served to open new opportunities for other competitors. It would seem that there’s no way for a single company to gobble up the entire market as a whole, even if it’s Didi.

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