Two of Uber’s Rivals, Lyft and Didi Kuaidi Team Together to Form International Strategic Alliance
Uber's completion just got tougher on Wednesday, as its rivals, Lyft, based in San Francisco and Didi Kuaidi from China announced a strategic international partnership which will give an advantage to their users allowing them to hail rides when travelling in either country.
Practically, it means that the Lyft users when in China can hail a ride with their Lyft app, paying in U.S. dollars. Same goes for the Chinese travelers in the U.S, they can use Didi's app and pay accordingly. Announcing the partnership in a press conference, John Zimmer, Lyft's cofounder said "Our vision was never just about the United States." He added. "It's just the start."
The advantages under this deal would be available to the travelers from early 2016.
There are millions of travelers in either country who will benefit from it. Lyft says in 2014, almost eight million people traveled between U.S. and China.
The strategic deal makes the position of both Uber's rivals stronger in the market. Uber is adding huge resources into the Asian markets especially China and India to remain in competition.
Didi President Jean Liu said, the recent deal marks a "brand new era for the global ride-sharing industry."
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