China’s ride-hailing wars are officially on. Homegrown giant Didi Kuaidi dominates the business of hailing taxis in China, but American-import Uber has been making waves – both in business and legal circles – with its peer-to-peer rides model.
Didi Kuaidi released a private-driver function similar (i.e. identical) to Uber’s earlier this year, and since then, the two companies have been duking it out. One on hand, both companies have faced city-wide bans and friction from authorities. On the other, each company’s war chest has ballooned since the battles began, with billions raised in the last few months alone.
To help make sense of the brands, the bans, and the billions, we’ve composed this handy infographic.
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