On January 19th, Didi Global Inc. launched version 7.0 on the Apple App Store. The update log shows that overseas travel services have been opened in some cities in eight countries including Japan, Singapore, Malaysia, Thailand, South Korea, Indonesia, Vietnam and Cambodia.
It is understood that Didi is advancing two new initiatives: first is to launch overseas aggregated travel services on the domestic app so users can use Didi to hail local ride-hailing services such as Grab and Kakao T in countries like South Korea and Japan; second is to deepen its presence in the Latin American market by expanding instant delivery services and providing delivery services for local e-commerce businesses in the future.
Currently, Didi International also provides ride-hailing services for overseas markets such as Egypt, Australia, New Zealand, Japan,Mexico Argentina,and Chile.
Didi’s international business covers three major areas: ride-hailing, food delivery, and finance. The overseas ride-hailing business has achieved profitability, with a daily average order volume of nearly ten million orders. The food delivery business holds a market share of over 50% in Mexico City, while the financial services division issues loans worth hundreds of millions of dollars annually, ranking among the top tier in consumer finance in Latin America.
According to Didi’s third-quarter 2024 financial report data, Didi International completes an average of 10.16 million orders per day, with about 95% coming from the overseas ride-hailing business – roughly one-third of China’s transportation sector – and the rest from food delivery and financial services.
In the Latin American market, Brazil and Mexico are populous countries where Didi expanded early on. In Brazil, operations are conducted under the acquired brand name “99 Taxis,” while in Mexico it is operated by DiDi Global. In both Brazil and Mexico’s ride-hailing markets with daily volumes reaching millions of orders each day, motorcycle deliveries rank at the forefront.
Japan, Australia, and New Zealand are new markets that are gradually being developed. Although the volume is not high yet, there is stable profit.
The difference between the overseas online ride-hailing market and the domestic one lies in the fact that both involve individual drivers. The Didi platform only serves as a connection between drivers and passengers, without needing to establish a large network of driver management like in the domestic market.
In terms of operational management mode, drivers adopt a bidding rather than dispatching model. This allows drivers to choose orders based on personal preferences and adjust prices flexibly during peak traffic periods. Both drivers and passengers are allowed to negotiate prices independently.
SEE ALSO: Didi Announces a 670 Million Yuan Investment in AutoAI Technology
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