On February 14th, Didi taxi and fast taxi jointly issued a statement today, announcing the merger of the two companies. This means that the combined new company will become an important mobile travel platform in the world. The two sides confirmed that a press conference will be held at an appropriate time after the Spring Festival.
The new company will implement the Co-CEO system, Di Di taxi CEO Cheng Wei and fast taxi CEO Lu Chuanwei will also serve as the joint CEO. The two companies remain the same in terms of staffing, business continues to grow in parallel, and will retain their respective brand and business independence.
After the merger news was released on the Internet, the Economic Observer reporter interviewed Liu Qing, the president of Didi Company. Liu Qing said that the merger code "Valentine's Day Project" was launched on January 21. CCTV CEO Cheng Wei and other management have been discussing for a long time. Two weeks ago, Liu Qing and Cheng Wei had already visited the fast company based in Hangzhou. The CTOs of the two companies have also met. Liu Qing said that it is a very motivated team and very united.
Liu Qing clarified that the merger was led by the management team and was not led by the investor. Because the two companies have just started financing, they will not be forced by the capital side, nor will they be unable to go public after a long time of financing. The two sides concluded the negotiations a few days ago. Liu Qing revealed that he will become the president of the new company, and the name of the merged company is still uncertain. The ratio of the two versions of the outside world is far from the facts.
Liu Qing further pointed out that after the combination of fast taxis and Didi taxis, there is no monopoly in the mobile travel industry, because there are still places to go, Ctrip, Baidu, Shenzhou Car Rental, UBER, etc. The brands of the two sides are not completely coincident. For example, the main city is not the same. There is also a separate No. 1 car APP, so the future two brands will not be fully integrated. However, the user data of both parties will be consolidated and the financial statements will be merged. An integrated office will be established with both directors dedicated to integration. In the future, the human resources of both parties will definitely be a team, and the two sides will have a transition period of about 6 months. The combined company rents more than 30 million orders per day, and the two companies will continue to cultivate the market after the merger.
In terms of strategic planning, Liu Qing said that adjustments will occur, but there will be no major changes. Still playing the main role of moving out. The future market will involve: special cars, taxis, carpooling, driving, intercity trains, etc. Regarding the subsidy concerns of consumers, Liu Qing said that although the two companies merged, they still need a lot of subsidies.
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