As Uber is dominating the western hemisphere, East Asia and China have its own emerging ride-sharing companies. For the past two years an app called Didi is the dominant car-hailing force in the People’s Republic.
Didi’s has been extremely successful. It has proved that the ride-sharing market can be a substantial money bringer. Because if it’s success there spawned a few notable competitors and rivals.
A handful of business entities agreed to layout a total of 9.8 Yuan for the joint venture and kick-start it in July of 2018. That’s how T3 was launched. Three out of these firms are major automakers, having a considerable size of the China’s car and limo market.
A portion of the investment is going to “car-sharing services powered by renewable energy,” an offering crafted after Beijing’s push to electrify the transportation industry. T3’s investor list is flawless, not only with the participation of the car makers, but the country’s largest tech and internet companies Alibaba and Tencent.
It is said the new venture should bring innovation into an old generation limousine service sector too. By combining the data capability of the new technology and apps with the new technology the automaker can bring into improved model limousines or even Party Buses, the new said the announcement.
A fleet of some five-thousand cars shall start running as soon as early June this year. It seems that Didi will be facing some challenges to keep it market share. It has previously faced challenges too, as another app Caocao was introduced earlier. It is a chauffeur- driven ride-hailing app backed by local Limousine & Chauffeur magnate.
Seeing east compete and struggle to take over the limousine and ride-hauling market, we can’t help but think whether similar ventures will soon come to the Americas to challenge Uber and the local limousine and Party Bus Providers.
For ones living in Chicago, we recommend Elite Party Bus, one of the biggest, most stable and trustworthy limo company in the Midwest.
