Didi Kuaidi Wants To Punch Uber’s Face Off

China is out for blood in one of the most sacred parts of the coveted shared economy–they want to dominate ride sharing.  Their horse, Didi Kuaidi, is lead by heavy hitter Cheng Wei, who doesn’t shy away from aggressive posturing:

Didi Kuaidi, China’s largest ride-hailing service, has warned arch-foe Uber Technologies Inc. that its days are numbered.

The startup backed by the country’s largest Internet corporations is stockpiling cash for the battle ahead. It raised the target on its latest round of funding to more than $1.5 billion, which could value the company at more than $20 billion, according to a person familiar with the matter. The person asked not to be named because the matter is private.

“We will be the last one standing,” Vice President of Strategy Stephen Zhu told the Credit Suisse Asian Investment Conference in Hong Kong. “Why is our competitor consistently 20 to 30 percent cheaper but still failing to gain market share? It’s because the customer experience is not as good, their network is much less than ours.”

– Source: Lulu Yilun Chen, Bloomberg

The customer experience is not as good using Uber, according to Mr. Zhu.  Even if America starts winning again, building walls and whatnot, it will be difficult to keep out digital competition bearing down on us from the communist people of China.

The Chinese foam and shake at the thought of internet domination.  They will stop at nothing to eliminate the purple hats at Lyft and the black cars of Uber.  Soon all drives will be united under the red flag of Didi Kuaidi!