Skip to content
Green
Hyperdrive

China’s Ride-Hailing Outfits Feed on Fierce Competition

Scrappy startups have given way to large, publicly traded companies.

Didi Chuxing’s ride-hailing app is displayed on a smartphone.

Didi Chuxing’s ride-hailing app is displayed on a smartphone.

Photographer: Qilai Shen/Bloomberg
From

Stay on top of the electric car revolution by signing up to our Hyperdrive newsletter here.

In the world of mobility, one of the best bargains of the last decade has been the discounted rides offered by many ride-hailing services, especially as they have entered a new market. This type of discount is sometimes dubbed the "Millennial lifestyle subsidy" and it is a savings I have enjoyed taking full advantage of.