The investment rounds of domestic taxi apps can be explained from these aspects. A dozen of taxi apps emerged between late 2011 and early 2012, including Yaoyao Zhaoche, Dache Xiaomi (developed by Yongche), Anyimob, Easy Taxi, and Didi Dache. Didi Dache, Kuaidi Dache and Dahuangfeng survived the pressures and stand out from rest of the rivals. Round 3 (Second Half of 2013): Emergence of OligarchIn the second half of 2013, few taxi apps can sustain the staggering money burning speed. Two bellwethers of the industry Didi Dache and Kuaidi Dache survived, while most of their rivals sunk into oblivion.