China's Uber has plans to take on the rest of the world

6/7/2018 12:32:39 PM

China’s ride-hailing firm Didi Chuxing, that took over Uber China last year, has plans to conquer the world. In an interview with the BBC, the company’s 35-year old CEO Cheng Wei revealed his plan to make his enterprise big all over the world: "The Chinese market is of course very important, but today Didi's vision is already going global."

Didi Chuxing is now the world's largest ride-hailing app, and with its worth currently at $56 billion, it is also the world's most valuable start-up.

Didi is already making its move into global markets. The taxi company has already entered Japan and Taiwan. And earlier this year, it acquired 99, Brazil's leading ride-hailing app. Didi’s next step, the CEO told the BBC is to launch in Mexico. The company will explore other opportunities and new markets.

Didi Chuxing is the result of a merger. Didi Dache and Kuaidi Dache merged in 2015 to form Didi Kuaidi, later renamed Didi Chuxing.

Further reading on bbc.com

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