According to the Voice of China, "Chaoguang News" reported that after the introduction of the New Deal, the merger of Didi, Uber and China, whether it constitutes a monopoly has caused great concern. A driver from Xi'an revealed to the media that since August 4, Didi has reduced the incentives for all private car drivers to 80%. It is expected to cancel all rewards for private car drivers next week.
China's network car is indeed like some market analysis, it is relying on the subsidy of burning money to develop and grow. Data show that Uber China lost more than 1 billion US dollars in China last year. Although there is no data released by Didi, there are some media calculations, and at least 10 billion yuan was lost last year. According to public information, after the merger of Didi and the fast, two rounds of financing were conducted in E and F, and the total amount of financing was 8.642 billion yuan. After Uber’s independent registration in China, it also carried out two rounds of financing with a financing amount of more than US$2.1 billion. Co-investors include Tiger Fund, Gaochun Capital, China Life, and BlackRock.
Didi Chuxing disclosed a new round of financing of US$7.3 billion in June this year. Investors include Apple, China Life Insurance, Ant Financial, etc. The company has obtained a valuation of US$28 billion in this round of financing. Among the startups that received venture capital support, they ranked third in the country. Didi's travels have been supported by two major Chinese Internet giants, Alibaba and Tencent, which can generate about $105 million in cash. It is reported that this time the two sides are married, Tiger Fund and Gaochun Capital should be the driving force behind them.
For the statement that the reward will be cancelled, Didi and Uber are currently still in the study. Previously, whether there will be price increases after the merger, the official person in charge of Drip Travel has said that China Mobile’s travel market is still a completely competitive market, and some competitors’ subsidies are still very strong. Future market training and user incentives Especially in the third- and fourth-tier cities, the market will continue. Regarding whether the price will increase after the merger, they also said that the price is only one aspect of the travel service, the car can be hit anytime and anywhere, and the safe and comfortable rental service can be the most concerned issue for passengers.
Chen Wei, chairman of Didi, said in an interview with the media that the concessions will not be terminated and the red envelope subsidy will exist for a long time. Didi and Uber have already completed a large-scale price increase between June and July, in which the cost per kilometer of Didi Express has increased from 1 to 8 and the cost per minute has increased from 2 to 3 cents per minute. . Uber's cost per kilometer rose from 1.5 to 1.79, and the cost per minute rose from 2.5 to 3 cents. In addition to price increases, personal information, travel habits, consumer preferences, geographic location and other data resources are also available in Drip. The derivation of the latest data into social, e-commerce and other trading models is difficult to estimate.
For the combination of Didi and Uber, the industry is very worried. The Ministry of Commerce and the National Development and Reform Commission responded one after another. A transportation system expert who did not want to sign has said that capital is profit-making. Before the emergence of Didi and Uber, the monopoly was broken. The merger of the two will inevitably bring about a new monopoly, and this monopoly may be even more terrible. Drip mode replaces the function of regular taxis and breaks the monopoly of licenses, but there are obvious interests behind it. For example, why Didi and Uber should subsidize burning money. It will cost 10 billion yuan and will get back from consumers. 20 billion. Once the monopoly comes true, the cost will definitely be passed on directly to the consumer.
Shen Danyang, spokesman of the Ministry of Commerce, said that the Ministry of Commerce has not yet received centralized declarations from operators of Didi and Uber-related transactions, in accordance with anti-monopoly regulations, reporting conditions and the State Council’s regulations on centralized reporting standards for operators, operators All should be reported to the Ministry of Commerce in advance, and undeclared may not be merged. According to China's anti-monopoly law, the merger of the two belongs to the concentrated behavior of the operators. If there are all operators participating in the concentration, the turnover in China in the previous fiscal year exceeds 2 billion yuan, and at least two operators are in China. If the turnover exceeds 400 million yuan, it should be reported to the competent commercial authority in advance, and the undeclared ones cannot be concentrated.
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