It's often referred to as the "Uber of China," but Didi Chuxing in fact crushes Uber and other competitors in the Chinese market.
Didi virtually owns China's taxi-hailing market with a 99 percent market share, according to its own numbers, and an 87 percent market share when it comes to hailing private cars. It operates in over 400 cities across the country versus UberChina's 45 cities.
The company isn't just cars and taxis. Didi also offers services with buses and even has an option to book chauffeurs — which can be useful if one has had too much to drink and needs a designated driver to take both the car and car owner home.
So where did Didi Chuxing come from?
Didi Chuxing in Chinese literally translates to "honk honk, commute." Before changing its name last fall, Didi Chuxing was known as Didi Kuaidi — created by the merger in early 2015 of China's two largest car-hailing apps at the time, Didi Dache and Kuaidi Dache.