Acquired

Episode 31: The Uber - Didi Chuxing Merger with Brad Stone, author of The Upstarts & The Everything Store

14 snips
Mar 1, 2017
Brad Stone, author of The Upstarts & The Everything Store, talks about the rise and competition between Didi Chuxing and Uber in the Chinese ride-sharing market. The podcast explores the challenges faced by both companies, the impact of their merger, and the aggressive approach of Uber. It also touches on Uber's investment in self-driving cars and discusses Vanta, a security compliance platform.
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ANECDOTE

Cheng Wei's Humiliations

  • Cheng Wei, Didi's CEO, faced early career setbacks like leaving an exam page blank and not selling any insurance policies.
  • These experiences fueled his drive and contributed to Didi's success.
INSIGHT

Mobile Payments War

  • Didi and Kuaidi's competition intensified as they became proxies in a mobile payments war between Tencent and Alibaba.
  • This led to massive funding and aggressive ride subsidization.
ANECDOTE

Seven Days, Seven Nights

  • During intense competition, Didi engineers worked tirelessly, even to the point of medical emergencies.
  • This anecdote highlights the extreme pace and dedication in China's tech scene.
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