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[商业新闻] 2016-06-07&06-09 出行平台融资加速:Uber获35亿美元融资

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[Homework]2016-06-07&06-09 出行平台融资加速:Uber获35亿美元融资

Home Work
So you are in Beijing and you need to get somewhere.It's too far to walk,so you are going to need to get a ride. If you live in China and you speak Chinese, there is a good chance you're going to pull out your phone and open up an app called DD ChuXing. It's simple to use really. You just tell the app where you are and where you want to go. And when the car arrives, you hop in, tell him where you are going, take off.


DD Chuxing, or DD for short says that rides like this one happen eleven million times per day across China in four different cities. And now it says it has three hundred million users, and most experts agree its market share is somewhere between 75 and 90 percent. But the company does has competitors in cars for higher apps, for let's say you forgot your wallet and you have to go back, except this time you pull out your phone and you open up Uber.


In most of the world, Uber is the alpha app, but in China it's more like the plucky startup looking to put a dent in the DD dominated field. It's trying to get that foothold by offering extremely low prices and subsidies to its drivers.


You can now grab a Uber like this one in around fifty different Chinese cities.But progress is coming at a cost. In February Uber CEO said the company was losing one billion dollars per year here.As in the short term it prioritize expanding its presence in the hope that it makes money down the road.China has more than 1.3B people, many of whom have places to be, but whether it's DD or Uber that gets them there is one of the biggest tech battles in the world.


Matt Rivers CNN Beijing
                                                   
This post was generated by put listening repetition system,  Check the original dictation thread!
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