Home > Automobiles & Trucks > Uber and Didi Dominate the Car on Demand (Raid Hailing) Industry

Uber and Didi Dominate the Car on Demand (Raid Hailing) Industry, Business and Industry Trends Analysis

Uber, Inc. is a California-based creator of the Uber mobile app which connects drivers and ridesharing services with passengers. Uber operates in hundreds of cities worldwide. Upon receiving a ride request, Uber sends the closest driver to fulfill it. Riders can rate their experiences with drivers for other riders to view. The company retains a fee from each ride that it books and then passes the balance of the fare to the drivers. Uber’s major U.S. competitor is Lyft.

Uber has expanded very aggressively on a worldwide basis, although it merged its operations in China with local competitor Didi Chuxing, after Uber incurred massive losses in China. This enabled the firm to concentrate its expansion efforts and cash in other markets, including the vast market in India where it is investing heavily. Uber is a major competitor in India, where it has been purchasing cars and leasing them out to local drivers who want to work with the firm.

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