Another failed global attempt by a Chinese internet giant?
"An arm can’t win a wrestle against a leg, in China startups can never walk around the giants.”
They have discovered themselves, and they are determined not to return to banality, but to strike something great.
It is an assault on Didi, but it is also defensive in the scenario that one day Didi might venture into other areas that threaten Alibaba’s empire, or reinforce Tencent’s.
Meituan's CEO made this claim through a tweet, while his company is assaulting Didi in major cities in China.
What are the implications to the market, the users, Go-Jek, and mobile payment development in the region?
Bigger Rocket ventures, especially those active between 2012 and 2015, left a deep mark in the region’s ecosystem.
And Alibaba is not the first major tech company in China to disrupt pig farming
Didi is valued at US$56 billion with daily order of 25 million; while Meituan is valued at US$30 billion with daily order of 22 million.
We always believed that with the present business model, Uber is essentially a big taxi business with a better customer experience rather than anything...
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