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Uber, Lyft and Didi’s ‘complicated’ relationship

Meet a boss of Uber's China rival

Ridehailing giants Uber, Lyft and Didi are in a difficult relationship.

“You have this ‘Modern Family’ conditions with all opposite forms of relationships,” John Zimmer, cofounder of Lyft, pronounced onstage during a WSJ Digital Conference on Tuesday. He took a theatre only after Jean Liu, boss of Didi Chuxing.

Just over a year ago, Lyft struck adult a strategic partnership with Didi to make it easier for unfamiliar users to accost rides. But then, in Aug 2016, Uber sole a Chinese operations to Didi, apropos Didi’s largest shareholder. Didi took a minority interest in Uber, too.

But Zimmer didn’t uncover signs of trouble over a fact that his partner is now in bed with his competitor.

“It doesn’t unequivocally impact a work we’re doing with them or a business in anyway,” he said.

For now, Chinese business are means to accost a Lyft by a Didi app in a U.S., nonetheless Lyft business aren’t means to do a same with Didi in China. Zimmer didn’t yield any sum on when and if and when that competence happen.

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Zimmer — who announced a association will shortly betray a new trademark and might discharge a pinkish mustache — pronounced Lyft expects to give 17 million rides in October, adult from 7 million from December.

Still, that pales in comparison to Didi’s strech in China. Liu pronounced onstage that Didi gives 20 million rides a day and is bringing in $20 billion in annualized revenue, compared to Lyft’s roughly $1.4 billion.

Liu concurred that Didi had an advantage as a internal actor in China though pronounced Uber played a “very good game.” Lyft, on a other hand, has not invested any income in a Chinese market.

“We’re really happy we done that decision,” Zimmer said, who remarkable that notwithstanding rumors, a association is not for sale.

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“We’ve been approached mixed times with people meddlesome in appropriation a business,” he said, adding that that within 5 years, a infancy of Lyfts could be handling autonomously.

As for that association Liu prefers to accost rides from? “I took an Uber from a airfield to my hotel. But this morning, we took a Lyft,” she said, observant both were equally good.

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