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Chinese Ride-Sharing Company Eyes Philippines for Global Expansion

Photo from thedrum.com

A potential alternative to Grab?

Grab’s virtual monopoly in the Philippines might come to an end, as Chinese Ride-Sharing Platform Didi Chuxing is interested to enter the Philippine market. In Inquirer’s report, Ilocos Sur politician Chavit Singson confirmed that his group is in talks with Didi Chuxing for the latter’s global expansion.

“We want to break the monopoly of Grab,” Singson said in an interview.

Aside from the ongoing negotiations with Didi Chuxing, Singson owns U-Hop, which is one of the 10 Transport Network Companies (TNC) that is allowed to operate in the Philippines.

For those unfamiliar, Didi Chuxing is one of the biggest mobile transport platforms in the world, offering various services such as ride-sharing, food deliveries, and e-bike sharing to over 550 million users across Asia, Latin America, and Australia.

The LTFRB has yet commented on the matter as of this writing.

Source

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