Print Edition - 2018-04-07 | Money Digest
Uber rival Didi makes Mexico launch official
-, MEXICO CITY
Apr 7, 2018-
Chinese ride-hailing company Didi Chuxing has publicly launched in Mexico with a website advertising its service to drivers and passengers and setting the stage for a potentially expensive showdown with rival Uber. Late last year, Didi Chuxing Technology Co started laying plans for Mexico, Reuters was first to report, marking the company’s first launch outside Asia. Mexico’s clogged streets, underdeveloped public transit system and growing base of smartphone users make the country ripe for app-based ride services. Didi’s website said the company would begin operations “very soon”, without providing a date. The company says it will take no cut of fares until June 17 in an effort to recruit drivers. After that, Didi will take a 20 percent cut offares, slightly lower than Uber’s commission in most markets. It is also offering bonuses to drivers who recruit other drivers and passengers.
Published: 07-04-2018 09:51