CEO of Didi Chuxing: Towards an Open Mobility Platform with Leading Machine Learning Capabilities and Stronger Driver Communities

• Didi has grown from a taxi-hailing app into a multi-product transit platform offering Taxi, Private Car, Hitch, Bus, chauffeur and other services to 300 million citizens as China goes through the world's largest urbanization process. In the future, car ownership as we know it will be revolutionized as more varied, flexible and cost-effective mobility options become available. Didi intends to build out an open platform with leading machine learning capabilities where rideshare solutions, electric vehicles and self-driving technologies link up riders and drivers with different needs in a sustainable and inclusive urban ecology.
• To do that, Didi is ready to go beyond leadership in scale to foster a leadership in technology. Preferences of drivers and riders are much more complicated to analyze or predict than e.g. shopping behavior on regular e-commerce platforms. The challenges range from collecting and processing the enormous amount of ride data on our platform to developing a system of predicative algorithms that effectively anticipate demand fluctuations and preclude traffic jams with an intelligent dispatch system.
• For DiDi as a comprehensive mobility platform, strong bonds with its driver and rider communities are as valuable as powerful AI-based algorithms. Only by joining forces with the 14 million drivers on our platform will we be able to respond to China's enormous urban transit challenges.

Didi seeks to build enduring collaboration with taxi communities. Given that supply shortage will remain the crux of China's transportation problem, the stability and experience of the taxi driver community remains the valuable foundation of any efficient mobility platform.

As a believer in collaborative and progressive reform, DiDi is committed to support the ongoing reformation of China's taxi industry, through empowering drivers with new technologies, providing information platform support for taxi companies, and sponsoring new restructuring initiatives.

In the past week, DiDi and leading taxi companies rolled out a partnership in Shanghai which now connects qualified taxi drivers and cars directly onto DiDi's private-car hailing program. As a result riders will enjoy quality service from experienced taxi drivers who in turn benefit from higher income. We also launched an initiative where riders may donate their mileage points on DiDi to a taxi driver health-check program, with enthusiastic response from our passengers.

Cheng Wei also joined a panel with Anthony Tan, co-founder and CEO of Southeast Asia's Grab, at GMIC. They shared with audience the progress of the international partnership between the two companies, and reaffirmed their belief in a mobility ecology that celebrates diversity, collaboration and sustainability.

About Didi Chuxing (Didi Chuxing)

Didi Chuxing (formerly Didi Kuaidi) is the world's largest comprehensive one-stop mobile transportation platform. The company offers the full range of mobile technology-based transportation options for close to 300 million users across over 400 Chinese cities, including taxi hailing, private car hailing, Hitch (social ride-sharing), Chauffeur, Didi Bus, Didi Test Drive, and Didi Enterprise Solutions. Statistics show Didi holds over 87% of the private car service market and over 99% of the taxi hailing service market in China. A total of 1.43 billion rides were completed on Didi's platform in 2015. As a practitioner in the sharing economy initiative, we are committed to work with communities and partners to solve China's transportation and environmental challenges using data-driven precision algorithms that optimize resources allocation. By continuously improving user experience and creating social values, we are committed to building an efficient, collaborative, and sustainable transportation ecosystem. Didi was named one of Davos Global Growth Companies in 2015.

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SOURCE DiDi Chuxing