Ride-hailing rivals Uber and Didi Chuxing continue to battle for market share in China, both announcing new funding this week. But Didi Chuxing's president, Jean Liu, downplayed any competition.
Liu quickly pulled out her smartphone and opened the Chinese version of Uber's app to explain. Uber advertises that its prices are 30 percent lower than Didi's, with rides at five yuan, less than one U.S. dollar. There is no clear expiration on the deal.
"This is a very strong proof to show that we have better service, and I'd like to see this more often," she said.
In response to questions of Didi Chuxing, formerly known as Didi Kuaidi, needing to buy market share, Liu said the company already dominates 87 percent of the market in private car services, and almost 100 percent in taxis.