Published: March 1, 2017, 7:45 a.m.
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Topics covered include:
\\n- The global surge in 2012 of entrepreneurs starting ridesharing companies, nowhere moreso than China\\xa0
\\n- Didi CEO Cheng Wei and investor Wang Gang\\u2019s backgrounds at Alibaba, first entrepreneurial effort in Momo, and Momo\\u2019s pivot to Didi Dache
\\n- The culling of the ridesharing herd in China down to Didi Dache and Kuaidi Dache through brutal competition and involvement of the \\u201cbig three\\u201d Chinese internet companies\\xa0
\\n- Rise of the Chinese messaging apps and associated mobile payments, and their impact on ridesharing
\\n- The 2015 merger between Didi and Kuaidi, brokered in part by Russian VC Yuri Milner\\n
\\n- Uber\\u2019s decision to enter the Chinese market, and early success with investment and support from Baidu
\\n- The first meeting between Uber CEO Travis Kalanick and Cheng Wei in 2015\\u2014which does not go well\\n
\\n- Subsequent \\u201cscorched earth\\u201d competition between Didi and Uber throughout 2015-16
\\n- Negotiating an armistice: Uber\\u2019s agreement to sell its Chinese operations to Didi in late 2016
\\n- End of the war, or just the beginning? January 2017: Didi invests $100M in Brazilian Uber competitor 99\\n
\\n- Sustainable growth, and building moats versus scorching earth
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Sponsors:
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe
Modern Treasury: https://bit.ly/acquiredmoderntreasury
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Followups:\\xa0
- Stay tuned for real-time coverage of the Snap IPO coming here on Acquired!\\xa0
\\xa0 The Carve Out:\\xa0
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