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DiDi prepares to South America and Caribbean

DiDi aims to enter the markets of South America and the Caribbean in the near future. The giant ride-hailing and car rental company headquartered in Beijing on Saturday said Latin America would be the next priority as the startup efforts dominate the global market.

"DiDi is the fastest growing company in China. Latin America is currently one of the most important markets that 600 million people are supplying," said DiDi international business vice president, Gu Tao.

"Latin America is really relevant to China, therefore we are confident of using our technology and experience to provide the same products in China and our users in Latin America," Tao said.

Tinuku DiDi prepares to South America and Caribbean

DiDi was founded by Chéng Wéi in June 2012 and has 21 million affiliated drivers to meet the needs triggered by economic change. About 4 million DiDi drivers previously were former workers of various industrial jobs in sectors such as steel in China.

The ride-hailing service continues to get business coverage where DiDi generates revenues of 170 yuan (US$25.7) per capita for approximately 2.6 million part-time drivers every day. DiDi bought Uber operations in China last year and has since then dominated the ride-hailing sector.

DiDi in September invested $200 million in RenRenChe logistics service in China. In July with SoftBank and Alibaba invested $2.6 billion into Grab to enter the Southeast Asian market. In August invested in Careem for the Middle East and at Taxify for European and African market share.

"The sharing economy is growing rapidly in China and this is an opportunity for Latin America as well.In our view, in the next 10 years, a family no longer needs to its own car. All cars will be shared," Tao said.

"Today, in big cities too many vehicles are on the streets and they take over space. We believe technology will change the automotive industry significantly. Soon the electric and self-driving cars come into service.If someone can get a car anywhere, then he does not need his own car," Tao said.

"I have a car in Beijing and 95 percent of the time to park, I only use it 5 percent of the time. So in the future, all cars will be shared," Tao said.

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