China's Didi Chuxing launches its ride-hailing service in Mexico

Marco Green
April 24, 2018

Popular Chinese ride-hailing app Didi launched its first taxis in Mexico on Monday, continuing the company's expansion into Latin America.

Company's "The Didi Express Service" was launched in the capital of the State of Mexico, Toluca.

China's leading ride-sharing firm, Didi Chuxing has entered into the Mexico Market.

Chinese ride-hailing company Didi Chuxing is holding discussions about an initial public offering that could value the company as high as $80 billion, according to an April 24 report in the Wall Street Journal citing unnamed sources. Uber entered the country in 2013, and it now operates in more than 40 cities there.

Didi said teams in Mexico, Beijing and California studied the Mexican market to adapt Didi's algorithms and other ride-service technologies for the local market, addressing issues such as crime.

Data shows that Latin America is the world's third-largest ride-hailing market, behind the USA and China.

A Didi spokesperson said, "The market is a way from saturated, and we are glad to see the local market is not only very welcome to more services, but they also understand how beneficial competition in the region is for the final user".

News emerged earlier this year that Didi was working toward a Mexico launch, its first real own-brand launch outside of China.

Other reports by Click Lancashire

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