It's probably nothing.
C.From Reuters, Dec. 7:
MEXICO CITY/SAN FRANCISCO (Reuters) - Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.HT: The Verge
Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.
Didi has no cars outside China, meaning Mexico could be its first international operation.
Didi, whose brand is ubiquitous in China but little-known in the West, will launch a smartphone app in Mexico and recruit local drivers to the platform, according to the sources, who declined to be named.
It is unclear which cities Didi will target, although one of the sources said the company was aiming to launch in the first quarter of next year. The company has already begun trying to recruit corporate talent in the sector, the source added....MUCH MORE
Does Uber Go Bankrupt If Didi Chuxing Decides To Compete In the United States?
I still can't get the picture of Didi Chuxing's President, Liu Qing (anglicized to Jean Liu), commenting on Travis Kalanick and Uber's efforts in China as cute. Then when Uber proclaimed the $3.5 billion investment from the Saudis she laughed and said she had more than that on the way.Ridezilla: Chinese Rideshare Co, Didi Chuxing Is Looking to Raise Another $6 Billion
Didi then announced the completion of a $7.3 billion fundraising.
Uber better be on top of their game in Southeast Asia because they weren't in China and got run out of the country....
Why Is Uber Competitor Didi Raising So Much Cash?
Uber Competitor Didi Chuxing Raises $7 Billion In Latest Round
Uh Oh Uber: Didi Chuxing Starts Rolling Out an English Language Version Of Its App
"Uber is being mocked by its biggest competitor in China"
Imagine There's No Uber
It's easy if you try...
"Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing" (AAPL)
Might as well buy your way into China.
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