Ride sharing services are becoming increasingly popular for commuters due there ease of use and are often a cheaper option compared to taxis. Among some of the biggest is Chinas DiDi which has recently had an Initial Public Offering (IPO) on the New York Stock Exchange.
Headquartered in Beijing, DiDi is now one of the world’s largest ride sharing companies, servicing more than half a billion users across Asia, Australia and Latin America. Intended to be an app to immediately hail cabs, it has now expanded to car rentals, buses, and chauffeurs and delivery services.
DiDi opened trading at $16.65, well above the $14 IPO price before sliding to finish the day at $14.14, valuing the company at $68.49 billion, the largest US listing by a Chinese company since 2014. Although this was well below the $100 billion valuation DiDi was hoping for.
But how does it stack up against ride sharing giant Uber?
Please note, the below figures are based on most economics fares in Melbourne.
|Charge per minute||$0.36||$0.30|
|Charge per kilometre||$1.16||$1.08 for the first 7kms
Compared to Uber, DiDi offers extremely competitive prices. If you’re looking for the cheapest ride, DiDi might be your first choice.
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