Lyft Is Partnering With Didi Kuaidi, Uber’s biggest Competitor In China

less than every week after chinese journey-hailing massive Didi Kuaidi first went public regarding their funding in Lyft, the 2 firms held a press convention asserting how so much Didi invested (a incredible $one hundred million), their planned “two nations, one app” resolution in addition to mutual technological and monetary cooperation. Didi Kuaidi has proven to be a bold opponent for Uber, which has poured instruments into China this year—including a $1 billion investment—and supposedly clocks a million rides per day within the united states of america.

in step with Lyft cofounder and president John Zimmer, Didi Kuaidi clients will now be capable of hail rides thru Lyft’s app and vice versa, as part of a “simple, seamless approach for their customers and our users to get anywhere they wish to shuttle.” the two firms share a common enemy in Uber; by means of teaming up, they may feasibly sideline Uber in the competitive chinese language market.

Zimmer introduced that the partnership will embrace “monetary parts, technological, and product components.”

Didi Kuaidi invested in Lyft when it participated in a funding round past this year, which incorporated contributions from activist investor Carl Icahn and chinese language internet giants Tencent and Alibaba.

update: this article was updated to clarify the timing of Didi Kuaidi’s investment.