Episode 31: The Uber - Didi Chuxing Merger with Brad Stone, author of The Upstarts & The Everything Store
Acquired1 Mars 2017

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

Topics covered include:

  • The global surge in 2012 of entrepreneurs starting ridesharing companies, nowhere moreso than China
  • Didi CEO Cheng Wei and investor Wang Gang’s backgrounds at Alibaba, first entrepreneurial effort in Momo, and Momo’s pivot to Didi Dache
  • The culling of the ridesharing herd in China down to Didi Dache and Kuaidi Dache through brutal competition and involvement of the “big three” Chinese internet companies
  • Rise of the Chinese messaging apps and associated mobile payments, and their impact on ridesharing
  • The 2015 merger between Didi and Kuaidi, brokered in part by Russian VC Yuri Milner
  • Uber’s decision to enter the Chinese market, and early success with investment and support from Baidu
  • The first meeting between Uber CEO Travis Kalanick and Cheng Wei in 2015—which does not go well
  • Subsequent “scorched earth” competition between Didi and Uber throughout 2015-16
  • Negotiating an armistice: Uber’s agreement to sell its Chinese operations to Didi in late 2016
  • End of the war, or just the beginning? January 2017: Didi invests $100M in Brazilian Uber competitor 99
  • Sustainable growth, and building moats versus scorching earth

Sponsors:


Followups:

  • Stay tuned for real-time coverage of the Snap IPO coming here on Acquired!

The Carve Out:


More Acquired!

© Copyright 2015-2026 ACQ, LLC

Avsnitt(214)

Oprah (Harpo Studios)

Oprah (Harpo Studios)

We close out Season 6 with the story of perhaps the single most successful media entrepreneur of all-time: Oprah Winfrey, and her juggernaut conglomerate Harpo Studios. Born to a poor single mother in...

25 Juni 20202h 14min

SpaceX

SpaceX

On the eve of SpaceX's historic scheduled launch of its first human spaceflight mission — both the first ever by a private company, and the first to take place on American soil in nearly a decade — we...

26 Maj 20202h 46min

Adapting Episode 3: Intel

Adapting Episode 3: Intel

When you think of Intel today, you probably think of the microprocessor company. Maybe you also think about about 'Intel Inside' and their famous jingle. You might even think "big, stable, boring publ...

12 Maj 20201h 26min

Special Episode: Jason Calacanis

Special Episode: Jason Calacanis

We're joined by the one and only Jason Calacanis for this very special episode, wherein we chronicle Jason's journey from a kid porter in the barrooms of Brooklyn to building the largest independent m...

29 Apr 20201h 39min

Adapting Episode 2: Sequoia’s Black Swan Memo (with Roelof Botha)

Adapting Episode 2: Sequoia’s Black Swan Memo (with Roelof Botha)

On March 5th 2020, Sequoia Capital published a Medium post entitled ‘Coronavirus: The Black Swan of 2020’. The memo minces no words, admonishing founders & CEOs to “question every assumption about you...

31 Mars 202044min

Adapting Episode 1: Canlis

Adapting Episode 1: Canlis

The world has changed. Acquired is changing too: we’re taking a pause from our normal episodes. The world doesn’t need stories of M&A and IPOs right now. But it does still need stories of great compan...

20 Mars 202050min

The Top 10 Acquisitions of All-Time

The Top 10 Acquisitions of All-Time

5 years and 100+ episodes into Acquired, there’s been one question we get asked more than any other: what are the best acquisitions of all-time, and what can we learn from them? We thought it was time...

17 Mars 20201h 52min

Sequoia Capital Part II (with Doug Leone)

Sequoia Capital Part II (with Doug Leone)

The wait is over. Acquired returns with a very special Part II of the Sequoia Capital story, joined by the very best person in the world to help us tell it - Doug Leone. Since 1996, Doug has served as...

18 Feb 20201h 8min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
rss-svart-marknad
svd-tech-brief
rss-borsens-finest
badfluence
avanzapodden
uppgang-och-fall
bathina-en-podcast
fill-or-kill
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
lastbilspodden
24fragor
tabberaset
rss-kort-lang-analyspodden-fran-di
kapitalet-en-podd-om-ekonomi
rss-veckans-trade
borsmorgon