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.  The application serves over 616 cities in 77 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific.  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 has expanded very aggressively on a worldwide basis, although it merged its…

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