Foreign media hotly discuss the merger of Didi and Kuaidi: closing the market door to block Uber

On February 15, the merger of two “giants”, Didi Dache and Kuaidi Dache, shocked international public opinion. Although February 14 was a weekend and Valentine’s Day in the East and the West, overseas media still paid attention to and analyzed this event.

Authoritative foreign media such as the Associated Press and Bloomberg have pointed out that after the merger, the two companies will become the largest taxi rental software (or mobile travel service provider) in the Chinese market. The Chinese mobile travel market is becoming increasingly fierce, and Baidu has cooperated with Uber, the world's most advantageous manufacturer. One of the important purposes of this merger is to enhance its competitiveness with Uber and prevent Uber from expanding in China.

As we all know, China's Internet has formed a "BAT" Three Kingdoms pattern. Didi Dache's supporter is Tencent, and Kuaidi Dache's supporter is Alibaba Group. The merger of the two companies is also considered to be a "handshake and peace" between Tencent and Alibaba, two competitors, for strategic interests.

Bloomberg pointed out that Alibaba and Tencent's merger in the field of mobile travel will help them cope with increasingly fierce market competition.

In China's mobile travel sector, Didi Dache and Kuaidi Dache are the two leaders. Both companies have accumulated users and squeezed out competitors through subsidy wars, while at the same time promoting the installation volume and popularity of the two mobile wallets, Alipay Wallet and WeChat Pay.

Bloomberg pointed out that just two months before the merger, Baidu, China's largest search engine, announced an investment in Uber, a US-based company that is expanding in the global market, and became one of its shareholders.

The number of mobile Internet users in China has exceeded 500 million, and Baidu, Alibaba and Tencent, the country's three largest Internet companies, are scrambling to launch Internet services and compete for consumers.

The Associated Press also reported on the event. The Associated Press pointed out in the opening of the news: "China's leading Kuaidi Dache and Didi Dache announced a merger plan on Saturday, which will create a new challenge for Uber, which is expanding globally."

The Associated Press pointed out that the two mobile travel service providers supported by Alibaba and Tencent currently occupy 99% of the market share in China and are popular among many taxi drivers.

The Associated Press pointed out that the cooperation and merger between Alibaba and Tencent in the field of mobile travel will undoubtedly "close the door" to the Chinese market, which will pose a huge obstacle to the American company Uber.

Uber's rapid expansion in the global mobile travel sector has caused concerns among some local Internet giants. According to reports, Uber is also rapidly expanding in China. In addition to first-tier cities such as Beijing, Shanghai and Guangzhou, Uber is also targeting second- and third-tier cities. Uber has begun recruiting personnel in local cities in China.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.