Chinese Ride-Sharing Behemoth Didi Chuxing Spins-Off Autonomous Driving Unit

Didi Chuxing China

Didi Chuxing (滴滴出行), often unfairly dubbed the “Uber of China” (given Uber’s retreat from the Chinese market) has decided to establish its self-driving operations as a separate company as it prepares for the long-haul and seeks to raise funds.

As Didi’s ride-hailing business is not yet generating profits, it makes sense to break-out the self-driving unit in order to attract investors seeking to gain access to China’s driverless vehicle market that is estimated to be worth trillions of dollars by 2040.

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