6 Passenger VanThis is Didi Chuxing's option for large groups of people who want to travel together.
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Cooke suggests all ride hailing apps tend to be cheaper than taxis, although large surges can change that. “Without surge, [ride sharing] is 30-40% cheaper than a taxi.”
Uber owns 12.8% of Didi, according to a filing in June by Didi. Our Didi stake we don't believe is strategic. They're a competitor, China is a pretty difficult environment with very little transparency, Uber Chief Executive Dara Khosrowshahi said at a virtual fireside chat with a UBS analyst.
The Lyft XL designation means that the vehicle is big enough to accommodate six riders, in addition to the driver. A standard Lyft ride can only accommodate four passengers.
Didi was founded as Didi Dache in Beijing in 2012 as a taxi-hailing app, later adding private hire. Backed by influential investors, including the internet giant Tencent, it grew rapidly and, in 2015, merged with its competitor Kuaidi Dache, which had investment from another of China's biggest tech companies, Alibaba.