Ride-hailing market

Didi is Looking for a Tie-up to Enter Philippine Ride-hailing Market

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Authorities are looking forward to ending Grab’s monopoly

Didi Chuxing, the Chinese ride-hailing service provider is in deep negotiation with the Philippines authorities to get access to their market. At present, the ride-hailing market is completely ruled by Grab, the Singapore based company. Didi’s introduction to the Philippines market will considerably bring down the cost of day-to-day commute and provide consumers with an alternative.

Luis Chavit Singson, a local politician said, “We want to break the monopoly of Grab. We think this will help Filipinos.” A report in the media emphasized that Grab has control over 90% of the ride-hailing market in the country.

Many companies are in line for a license to do business

Singson also elaborated on how Grab has increased its ride-sharing fares after taking over the operations of Uber in Southeast Asia. This has piled up many complaints against Grab, as the consumers are not happy with surged prices. U-Hop which is partially owned by former boxing champion Floyd Mayweather Jr. is also trying to negotiate a deal with the Philippines’ Land Transportation Franchising and Regulatory Board (LTFRB).

Didi and LTFRB did not disclose the terms of negotiation, as they are still talking on the details of the business. Didi is not the only company that is trying to enter the Filipino market; Gojek also filed an application to operate in the country but denied due to its foreign ownership issue. The company again applied in March and again Philippine authorities rejected their application. According to the rules, ride-hailing companies in the country should have 60% ownership of the local companies.



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West has been driving the business world owing to its developed economies. The leading part of the world is straining to sustain its dominance. However, the other parts of the world, especially Asia Pacific region have been displaying escalating growth in terms of business and technological advancements.

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