Date
23 April 2018
Didi Chuxing has authorized franchisee operator LEDI Technology to conduct market research and explore community partnerships in Taiwan. Photo: Bloomberg
Didi Chuxing has authorized franchisee operator LEDI Technology to conduct market research and explore community partnerships in Taiwan. Photo: Bloomberg

China’s Didi looks to break into Taiwan market

China’s Didi Chuxing said it is looking to bring its ride-hailing service to Taiwan via a local franchise partner, potentially marking its first expansion across waters as it looks to take on US rival Uber Technologies Inc., Reuters reports.

Didi Chuxing said in a statement it has authorized franchisee operator LEDI Technology Co. Ltd. to conduct market research and explore community partnerships in Taiwan.

“Together we hope to bring convenient, efficient and affordable ride services to the local community and create more income opportunities,” Didi said. “There is no definitive timeline at this moment.”

Didi’s investors include Apple Inc., SoftBank Group and Alibaba Group. It was valued at over US$50 billion earlier this year, making it the second most valuable venture-backed private firm behind Uber.

Taiwan would be Didi’s first destination outside the Chinese mainland and Hong Kong. However, it has invested in Uber rivals globally, including US-based Lyft, Brazil’s 99, India’s Ola, Singapore’s Grab, Estonia’s Taxify and the Middle East’s Careem.

Reuters earlier this month reported that Didi planned to expand into Mexico next year.

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RC/CG

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