Fu Qiang, senior vice chairman of Didi and CEO of the Urban Transportation and Service Department inside the ride-hailing big, will depart his put up within the close to future, and his subsequent job is unknown, LatePost reported on March 3.
Fu Qiang joined Kuaidi Dache in 2014, when the taxi-hailing app had not but merged with Didi, and served as regional operation director and vice chairman. During this era, he explored the markets in Beijing and Tianjin, serving to Kuaidi Dache acquire a agency foothold within the taxi enterprise. After the merger with Didi in 2015, Fu shortly developed the designated driving enterprise for the corporate. One hundred days after the brand new enterprise sector was launched, it lined 200 cities, with greater than 1.5 million registered drivers, and the variety of peak single-day orders exceeded 500,000.
In 2016, Didi strategically invested in Ofo, a bike-sharing firm. Over the following 12 months, Fu, together with a number of senior executives and center managers, have been despatched to Ofo, with Fu serving as CEO. During his time period of workplace, he promoted offline operation of Ofo, however failed to stop Ofo from ultimately failing.
In 2020, Didi proposed that the objective for the following three years was to full greater than 100 million orders each day, of which 40 million ought to be taken by the bike-sharing sector. In that 12 months, the corporate merged a number of enterprise divisions, corresponding to bike-sharing, designated driving and freight transportation, and Fu served as CEO of the brand new enterprise group. However, the variety of share bikes Didi can put right into a metropolis depends upon the necessities of native authorities. The designated driving enterprise has been affected by the epidemic prior to now few years, whereas freight companies have shrunk quickly since 2020.
After greater than a 12 months below rectification procedures, Didi had solely resumed new person registration as of in January this 12 months, which is able to generate revenue for the corporate and intensify the competitors within the already crowded market as soon as once more.
SEE ALSO: Didi Issues Incentives for Drivers after Resuming New User Registration
China’s on-line car-hailing market continues to be price sooner or later. According to a report launched by WAYS, the size of China’s car-hailing market is anticipated to attain 434.1 billion yuan ($62.9 billion) in 2025, with the compound development fee of about 10% from 2022 to 2025. The development fee from 2026 to 2027 will likely be between 5% and seven%, and the market scale is anticipated to attain 487.8 billion yuan by 2027.
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