Venture-Backed Didi Dache, Kuaidi Dache To Merge

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On Valentine’s day, two of China’s largest taxi-hailing mobile app operators, Didi Dache and Kuaidi Dache, say they would merge their businesses to create an absolute industry leader in China, according to an announcement posted on Didi Dache’s official Weibo account.

The merger would mark an end to a bitter and expensive price war between the two to dominate the emerging smartphone-based transportation services market in the world’s most populous country.

Didi Dache says it has roughly 75% of China’s taxi and private car calling apps market, while Kuaidi Dache claims it takes around half of the market.

China Money Network

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