Didi was questioned about digital monopoly. What does digital monopoly mean?

Didi’s exposure has been very high in the past six months. The most obvious words surrounding Didi and Meituan, food delivery and online ride-hailing are money burning and subsidy war. Subsidy war is an inevitable phenomenon in a competitive market environment. It is a competitive weapon, just like atomic bombs and missiles. Just like the Seven Injury Fist, if you don't use it properly, it will hurt yourself. There's a lot of chaos behind the intense gameplay, so use it with care. It’s not up to you, it’s up to the industry. It's not something you can or can't choose. Cheng Wei was helpless. On a piece of paper, all Chinese brands, businesses and data assets operating in mainland China were completely classified as Uber.

Cheng Wei has joined Uber’s global board of directors, and Uber founder Travis Kalanick has also joined the board of directors of Didi Travel. At the same time, Didi and Uber hold the same shares. This is when Didi and Uber compete fiercely. Although we are developing rapidly, we can also feel the huge crisis, so I decided to subsidize and change from competition-oriented to user-oriented. Didi's scale is the largest in the world. China has undergone great changes and traveling has become very convenient. When you go to Japan, you need to stop cars on the road.

At the beginning, Uber came in. We are passively international. At that time, we couldn't win because Uber was like an octopus. Its head is in the United States and it has basically won the competition in the local market. At the same time, it also has many tentacles in Latin America, Southeast Asia, India and China. We're not just investing, we're allies. We just don't expect Uber to quickly capture the market in these parts of the world.

Our internationalization is for the survival of China. Didi actually faces competition from many named platforms. No less than ten. He doesn't think users need to worry about this issue. In the future, every industry in the world will have two or three platforms. Because people will move around China, you don’t need to download a platform in every city, you only need one platform. So I think we can't take a narrow view of so-called digital monopolies. If China does not have a tourism service platform that can represent China, we are not even qualified to compete globally. From a longer time dimension and regional latitude, many changes are not so drastic and unacceptable. It’s more important to go with the flow and do the right thing.