After the slow resumption of its Chinese operations this summer, giant Didi Chuxing is a greater internationalization.
Latin America is didi Chuxing’s largest open-air market in China, operating in Brazil, Mexico, Costa Rica, Chile, Colombia and Panama. Other markets come with Japan and Australia and more recently it was introduced in Russia.
Stephen Zhu, senior vice president and head of foreign affairs, said Didi Chuxing “has benefited from the pleasure of fighting Covid in China” and will apply it to his other markets. His Chinese business recovered in July, he said, after Covid-19 and that the playbook will be used to revive operations in Latin America’s giant segment.
For example, Beijing and Sao Paulo have a population and, in general, China and Brazil have percentages of many of the same demanding situations and opportunities (varied needs, urban progression models, and unevenly evolving public transport systems) and many inventions can be percented between those two markets. Zhu said.
“Our pool algorithms evolved from China have been beautifully adapted to Latin American cities. Similarly, shared security features such as thermal safety cards and alert systems have also been adapted to address unique security issues in Latin America.
Didi Chuxing entered the Latin American market in 2018 with the acquisition of Brazilian start-up 99.
However, like its Uber and Cabify competition, Didi Chuxing’s business in the region has been shaken by the Covid-19 pandemic, which has forced corporations to respond by deploying non-public protection appliances for cars and drivers and money for drivers who cannot paint. because of the virus.
At the same time, players who talk about driving have heard regulators knock on the door. More recently, Uber has adjusted its offers in Chile and Colombia to comply with taxi laws.
For Didi Chuxing, additional foreign expansion remains on the calendar despite the chaos caused by Covid-19. At the end of last month, he entered Russia, first in the city of Kazan in Tartaristan.
Analysts recently said that internationalization is a key resolution for Didi Chuxing if he ever intended to publicly trade in the United States or Hong Kong and that it can lead to higher valuation. Lately it has an reported price of $56 billion.
I am a freelance journalist founded in Dublin and I cover many spaces of the generation industry, used to be a reporter in Fora and a regular contributor to
I am a freelance journalist founded in Dublin and cover many spaces in the generation industry. He used to be a journalist at Fora and a regular contributor to Tech. eu. My firm also made the impression on BBC News, Vice, and Mashable.