Acquired

Episode 31: The Uber - Didi Chuxing Merger with Brad Stone, author of The Upstarts & The Everything Store

28 Feb 2017

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Topics covered include:The global surge in 2012 of entrepreneurs starting ridesharing companies, nowhere moreso than China Didi CEO Cheng Wei and investor Wang Gang’s backgrounds at Alibaba, first entrepreneurial effort in Momo, and Momo’s pivot to Didi DacheThe culling of the ridesharing herd in China down to Didi Dache and Kuaidi Dache through brutal competition and involvement of the “big three” Chinese internet companies Rise of the Chinese messaging apps and associated mobile payments, and their impact on ridesharingThe 2015 merger between Didi and Kuaidi, brokered in part by Russian VC Yuri MilnerUber’s decision to enter the Chinese market, and early success with investment and support from BaiduThe first meeting between Uber CEO Travis Kalanick and Cheng Wei in 2015—which does not go wellSubsequent “scorched earth” competition between Didi and Uber throughout 2015-16Negotiating an armistice: Uber’s agreement to sell its Chinese operations to Didi in late 2016End of the war, or just the beginning? January 2017: Didi invests $100M in Brazilian Uber competitor 99Sustainable growth, and building moats versus scorching earthSponsors:WorkOS: https://bit.ly/workos25Sentry: https://bit.ly/acquiredsentryServiceNow: https://bit.ly/acquiredsn Followups: Stay tuned for real-time coverage of the Snap IPO coming here on Acquired! The Carve Out: Ben: Taming the Mammoth on Wait But WhyDavid: Conversations with Tyler Podcast by Tyler Cowen, co-author of the Marginal Revolution blogBrad: Yuval Noah Harari (author of Sapiens)’s new book, Homo Deus: A Brief History of TomorrowMore Acquired!:Get email updates with hints on next episode and follow-ups from recent episodesJoin the SlackSubscribe to ACQ2Merch Store!© Copyright 2015-2025 ACQ, LLC

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Acquired

Episode 31: The Uber - Didi Chuxing Merger with Brad Stone, author of The Upstarts & The Everything Store

This episode hasn't been transcribed yet

Other episodes from Acquired

10 Years of Acquired (with Michael Lewis)

Coca-Cola

Acquired Live at Radio City Music Hall (Presented by J.P. Morgan)

Trader Joe’s

Google: The AI Company

Google

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