Chinese Unicorn DiDi Chuxing Announces Three Year Strategy

Will Cheng Wei Didi Chuxing CEO

The strategy is called 0188 to denote the startup’s three-year goals.

DiDi Chuxing, an app-based ride-hailing startup based in China, has announced its new three year strategy for steady and sustainable growth. The strategy was announced by Will Cheng Wei, CEO of Didi Chuxing, during a strategy meeting held on April 16, 2020 in Beijing, according to a statement by the company.

Will Cheng Wei, CEO of Didi Chuxing (“DiDi”), announced the company’s three-year strategic goals at a strategy meeting held on April 16, 2020 in Beijing.

Labelled as “0188”, DiDi’s three-year strategy advances from its “all-in-safety” perspective to longer-term safety capacity building and user value growth. The number 0 signifies safety as a priority, while the other three numbers denotes DiDi’s goals under the strategy.

These are capping over 100 million daily trips globally, reaching an 8% penetration rate in China’s mobility market; and tabling 800 million monthly active users globally by 2022, the statement added.

As of the beginning of 2020, DiDi has delivered over 1 billion international trips.

“We have built up a set of important infrastructure and core capabilities to achieve long-term growth. Our three-year strategy is based on our analysis of future industry and economic trends, and reflects our confidence in DiDi’s strength and value creation capabilities,” Cheng said in the statement, asserting that safety was imperative to DiDi’s growth.

The company is specifically looking to developing DiDi’s platform for integrated four-wheeler (ride-hailing, taxi, designated driving and hitch), two-wheeler (bike and e-bike) and public transportation solutions, as well as expanding its subsidiary Xiaoju Automobile Solutions, autonomous driving, fintech services, and smart transportation businesses.

Jean Liu, President of DiDi, stated that the company learned “invaluable lessons” through responding to the COVID-19 pandemic, both in China and in international markets.

“Our investments in 2018 and 2019 into core safety capabilities played a critical role in this fight, and I am convinced we are a young company that is capable of overcoming crises and economic cycles. The new strategy carries not only hard numbers, but a commitment to the safety of every user and every trip, and flexible income opportunities to more car owners and drivers,” she added.

Earlier this month, DiDi and its long-time partner BAIC, along with a consortium of automotive industry firms and Chinese state-owned institutions, announced a customer-centric car leasing service.

Under this partnership, “the companies aim to have a fleet of 100,000 cars for lease in the next three years,” a DiDi spokesperson told Jumpstart.

Header image courtesy of DiDi Chuxing.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Can AI Help You Flirt Better

Can AI Help You Flirt Better?

“Excuse me, but I think you dropped something: my jaw.” This is the pick-up line the famous artificial intelligence (AI) chatbot ChatGPT dished out when we asked for some viable options. Not the most original, sure, but not bad for a trained algorithm.

4 Popular Companies Offering the Best Vacation Policies

4 Popular Companies Offering the Best Vacation Policies

The work-life balance is becoming increasingly important to many employees, and a comprehensive and generous vacation policy plays a crucial role in achieving this balance. Vacation time gives employees the chance to recharge, pursue personal interests and reap numerous benefits, such as increased job satisfaction, reduced stress and improved overall well-being

Is Using AI for Academic Writing Cheating?

Is Using AI for Academic Writing Cheating?

From films written and directed by ChatGPT to Kindle authors writing books with artificial intelligence (AI), we are seeing more and more reportage on AI writing tools these days. While writing with an AI may seem harmless and possibly helps improve work efficiency, the use of these tools in the sphere of academic writing has generated serious concern. Teachers are worried that the use of AI writing tools is equivalent to plagiarism or cheating.

7 Creative Ways to Reward Employees without a Salary Raise

7 Creative Ways to Reward Employees without a Salary Raise

Giving your employees a raise is a significant way to show your employees that you value their work and compensate them appropriately for their contributions. Failing to acknowledge the work of your employees can be ‌costly for startups. A OnePoll survey of 2,000 workers found that almost half of ‌American workers (46%) have quit a job due to feeling unrecognized