综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Auto China

Uber gets new ally to take on fresh challenges

By GAO YUAN (China Daily) Updated: 2015-12-23 07:36
Uber gets new ally to take on fresh challenges

A file illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. [Photo/Agencies]

Uber Technologies Inc's China unit upped the ante in its ongoing battle with local rival Didi Kuaidi on Tuesday by teaming up with a top Chinese firm for various automobile-related services.

The State-owned Guangzhou Automobile Group Co Ltd said in a regulatory filing that it will work with Uber in areas like equity investment, car sales, after sales services and insurance.

The filing did not disclose the size of the investment and Uber also refused to provide details of the partnership on Tuesday.

The San Francisco-based company, valued at over $62 billion, has been seeking new local investors for its business in China, so that it can be recognized as a local firm by industry regulators.

Liu Zhen, the strategic officer who oversees the company's China operations, said in late November that the company already has several local investors and hence should be considered as a local player. Liu also offered to disclose the names of the Chinese investors.

Uber's worries stem from concerns that its US origin may put it on a confrontational course with the regulators especially as there are no regulations in place yet for the car-hailing sector.

Zhang Xu, a researcher with industry consultancy Analysys International, said an overseas player would stronger headwinds than local competitors due to the lack of regulations.

Uber has been quiet on regulatory issues while executives from Didi Kuaidi, the biggest platform backed by Alibaba Group Holding Ltd and Tencent Holdings Ltd, publicly challenged a regulation proposal floated by the government.

"Uber is keeping its head down and focusing on expansion plans because it still does not have the muscle power to take on Didi Kuaidi in China," Zhang said. Uber is planning to reach around 100 Chinese cities by the end of 2016. The company currently provide services in 21 cities.

Didi Kuaidi had more than 80 percent of the market share as of the third quarter, according to Analysys International. Uber, a remote No 2, controlled 16 percent.

Didi Kuaidi is also trying to diversify its business. The Beijing-based company said on Dec 7 it is selling cars made by Mercedes-Benz and Tianjin FAW Toyota Motor Co Ltd on its mobile app.

Uber is set to face more challenges from Didi Kuaidi on global stage.

Cheng Wei, CEO of Didi Kuaidi, told a high-level industry gathering last week he is expecting intense competition in the global ride-sharing market.

 

Hot Topics

Editor's Picks
...
通辽市| 桑日县| 岫岩| 台州市| 吴川市| 香港| 蒙阴县| 新邵县| 敦煌市| 南澳县| 吉安市| 昌都县| 拉孜县| 固镇县| 峨眉山市| 长泰县| 剑川县| 南皮县| 扎赉特旗| 金昌市| 和硕县| 镇沅| 尼勒克县| 安新县| 玉溪市| 乳山市| 盐源县| 同江市| 綦江县| 吴桥县| 兴国县| 平乐县| 阆中市| 偃师市| 宁德市| 延寿县| 巩义市| 潜江市| 襄樊市| 周至县| 得荣县|