่‡ชๅทฑๆ— ๆณ•ๆปก่ถณๆ•ฐไบฟๆฐ‘ไผ—ๅ‡บ่กŒ้œ€ๆฑ‚ ๆฌข่ฟŽๆ›ดๅคšไผไธšๆŠ•ๅ…ฅ โ€“ Tencent Tech

What happened: Ride hailing giant Didi published a public announcement last night, admitting that the company itself cannot satisfy the whole Chinese ride hailing marketโ€™s demands. The company also stressed that it would strictly follow related regulations, and continue strengthening safety management. Didi also said that it has increased the number of safety supervision staff by 300%.

Why itโ€™s important: The announcement signals Didiโ€™s tacit gesture to admit a dominant (even a monopoly) position in Chinaโ€™s ride hailing market. Welcoming new players show Didiโ€™s open attitude to comply with the government and Chinese marketโ€™s demands of a healthier and more balanced market, despite that the companyโ€™s user base and market influence are still dominantly powerful in the country. The announcement may also be interpreted as a confident reply which suggests Didiโ€™s irreplaceable leading role in the industry.

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com

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