TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: Ride-hailing giants jostle for market share from [Global Times] recommended by TheTourAttraction.com:
Chinese riders welcome market competition as they are increasingly displeased with Didi’s rising charges.
Chinese ride-hailing giant Didi Chuxing is facing rising competition as many of its drivers have migrated to its competitors who are heavily incentivizing drivers and riders in an attempt to snap back market share from the dominant player.
Industry insiders claim that the multi-billion-dollar Chinese ride-hailing market has entered an era of volatility after years of Didi Chuxing’s dominance. Chinese riders welcome market competition as they are increasingly displeased with Didi’s rising charges.
Starting in July, many online ride-hailing platforms have ramped up efforts on issuing new bonus such as heavy discount of taxi fees and other incentives. For example, Alibaba-backed AutoNavi, or Gaode Map, is providing riders a 100-yuan taxi coupon for free, in addition to a discount.
Other ride-hailing platforms such as AA Chuxing and Meituan Dache are also providing similar favorable packages in a bid to draw drivers from Didi Chuxing.