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Comment on Alibaba-backed Taxi App Kuaidi to Acquire The Fourth Largest Player. Convergence Begins? by Chinese Taxi Apps Enter Uber’s Non-taxi Turf | Platum
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Comments for TechNode
Taxi app Kuaidi confirmed a previous rumor on Weibo that it would acquire Dahuangfeng, a Shanghai-based taxi app .
It’s not a surprise Kuaidi turns out to be the first acquirer as it is venture backed by Alibaba.
Didi is venture backed by Tencent.
According to a report released by Internet market research agency Eguan, Kuaidi, Didi and Dahuangfeng have 41.8%, 39.2% and 3.9% in market share, respectively.
The third is Yaoyaozhaoche which has a 9% market share.
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