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"Didi's intensified overseas efforts, including this fresh fundraising, will no doubt pose a great threat to Uber. Uber's valuation is shrinking due to its operation problems while we witness Didi is ascending in overseas markets through cooperating with local partners," Zhang added. In the past few years, Didi Chuxing has been pushing its overseas presence rapidly with investments in several of Uber's rivals globally, including US-based Lyft, Brazil-based 99, India's Ola, Singapore-headquartered Grab, Estonia's Taxify and Careem in the Middle East. It also ended the battle with Uber in the Chinese market last year by acquiring Uber's local business.
"During this critical period of rebooting the economy, we decided to host this festival covering all online and offline businesses ... to unlock consumption potential and boost consumption confidence," acting Mayor Gong Zheng said during Monday's official launch, which was called the Global Promotion Convention of Shanghai as an International Shopping Magnet.
"Even if the industrial growth rate remained slow in December, China is able to ensure that its full-year target can be achieved," said Xin Guobin, vice-minister of industry and information technology, at a press conference.
"Everybody in the world will be affected by the changes we are seeing," Michael Meredith, an oceanographer with the British Antarctic Survey and one of the report's authors, told Reuters.
"Enstoa is doubling down in China by creating an International Project Management Training Center and Digital Lab this year. We are here to support visionary companies who recognize the imperative to lift capabilities to grow and advance."
来源：资阳报