Chinese rideshare giant Didi is set to enter the Sydney market
The tribunal's point-to-point survey found rideshare growth had slowed to 3 per cent, compared with years of double digit gains, suggesting the NSW market may be reaching capacity.Didi claims to give drivers a higher percentage of fares while offering riders lower costs, and has no concerns about entering Sydney’s competitive market, according to its Australian spokesman, Dan Jordan.
The company is working to win over thousands of drivers from its main rivals in Sydney, Uber and Ola, by offering low service fees to its drivers for the first month of operation. Meanwhile, riders are also being offered half-price rides during the company’s first month in Sydney. Mr Jordan said the company had taken a “calculated approach” to its rollout in Australia, when asked why Didi was only now launching in its biggest city.
Didi’s Australian general manager described the Sydney expansion as a milestone for the company, which has more than half a billion users worldwide.
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