Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship

TechCrunch | 7/8/2019 | Staff
DebraS (Posted by) Level 3
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Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential.

That’s according to the ride-hailing giant’s CTO, Thuan Pham, who talked about the complicated rivalry Uber has with China’s Didi Chuxing, which counts each other as investors. Uber famously exited China in 2016 — it has since left Southeast Asia and merged with a rival in Russia, too — and part of that deal saw it take nearly six percent of the Chinese company’s business while Didi got equity in Uber. Yet, years later, the two compete in the growing Latin America market, where Didi is making aggressive moves, and also in Australia.

Competition - Competition - Pham - Interview - Rise

“If you don’t have competition then you can become complacent because there’s no competition to challenge,” Pham said during an interview at the Rise conference in Hong Kong today. “This competition is definitely a very healthy thing, it’s very very necessary.”

When competing in China, “both of the companies had to be on our best in order to compete,” Pham said, and he maintains that iron continues to sharpen iron on the other side of the planet.

China - Markets - Philosophy - Something - Terms

“Even after we exited [China] we ran into them in other markets as well,” he added. “Our philosophy [is that] if they are doing something better in terms of features, we try harder to close the gap and surpass them. In the areas where our services are better, we try not to rest on our laurels because we see them trying to...
(Excerpt) Read more at: TechCrunch
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