China’s Didi Chuxing enters Latin America

didi chuxing

China’s Didi Chuxing, perhaps the largest ride-hailing company after Uber has now launched its business in Latin America.

Didi Chuxing was the Chinese ride-hailing company that gave Uber a ‘run for its money’ in China and later bought the business from Uber when it could no longer compete.

China’s Didi said it has now started with its Didi Express in Colombia and Chile and could be entering two more markets in the region before the end of the year.

Reuters News reported that Didi is already recruiting managers in Peru for a launch in the market as well.

The push to move inwards Latin America will be another push into giving Uber a run for its money. Last week, we reported that Uber booked a $1 billion loss a month after it executed its New York Stock Exchange, NYSE.

It was a result that left mix feelings behind but it was clear that Uber was burning a lot of cash and it is still far into declaring its first profit.