Chinese ride-sharing company in talks to enter Philippines
Didi Chuxing (DiDi), a Chinese ride-sharing company, is currently in talks with a Filipino firm to enter the Philippines.
In a report by Inquirer, Ilocos Sur politician Luis “Chavit” Singson confirmed that his group is currently in negotiations with DiDi to expand and operate and in the Philippines. In an interview, Singson said, “We want to break the monopoly of Grab,” referring then to the Singapore-based ride-sharing platform that currently has a virtual monopoly in the Philippines. Chavit Singson and his group also own U-Hop, another ride-sharing service in the country. Apart from confirming the discussions, Singson has not given any other details regarding his group’s talks with DiDi.
DiDi is described as one of the world’s leading mobile transportation platforms, serving about 550 million users across Asia, Australia, and Latin America. Their services include Taxi, Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions, Bike Sharing, E-bike Sharing, Automobile Solutions, and food delivery.