Drop Fast Valentine's Day announces strategic merger Cheng Wei Lu Zhunwei as joint CEO

The annual Western Valentine's Day comes, the taxi software market biggest change occurs. Drop a taxi with a quick taxi today announced a joint announcement announcing two strategies to achieve a merger. The two sides decided to hold a press conference at the appropriate time after the Spring Festival. The new company will implement CO-CEO system, drop a taxi CEO Cheng Wei and Quick Taxi CEO Lu Zhunwei also as joint CEO. The two companies remain unchanged in their staffing structure, the business continues to evolve in parallel and will retain their brand and business independence. Drop-A-cab CEO Cheng Wei The vision of the new company. He said that China Mobile's rapid development can not only save energy to the maximum, save ground transportation resources, and fundamentally solve the urban traffic congestion dilemma. More importantly, through the mobile travel platform, people began to build trust between people, and in the broadest sense, to achieve the establishment of social Credit system. Quick cab CEO Lu Zhunwei says after the merger, the two sides will focus on the advantages of two companies technology, product talent, and constantly introduce more perfect travel services products, further accelerate the market expansion speed, resulting in more with the same effect, enhance the overall competitiveness, more actively and effectively promote the development of the entire mobile travel industry. According to reports, drop a taxi and a quick taxi after a long price war, the two sides of the company management after repeated communication and communication, and finally reached a consensus, decided two companies to carry out strategic merger. Both sides did not disclose the shareholding ratio and the new company valuation. The Wall Street Journal reported earlier that a drop in a taxi and a quick taxi would be valued at $6 billion trillion. Drop a taxi and quick taxi were born in 2012, since the date of establishment, the two in the market in the layout of the pace is very similar, the competition is particularly fierce. According to the information, 4 rounds of investment were made in a taxi and the total amount announced was $800 million. Quick Taxi announced the financing amount and drop a taxi similar. With the support of a large number of capital, drop a taxi and a quick taxi around the market share of the fight for the "burning Money war" also intensified. Tencent and Ali two giants, respectively, drop a taxi and quick taxi also become micro-letter payment and Alipay access to mobile internet users bridgehead. January 2014 drop by taxi announced with micro-letter cooperation, support micro-letter payment function, while the micro-letter also added a drop in the entrance of a taxi; quick taxi in 2013 8 access to Alipay, the two in the mobile payment of the wrestling began to highlight. Business, with the taxi software market has become saturated, the market has been stable, with a larger increase in the car becomes a drop of taxi and quick taxi to the new battlefield. Drop a taxi in August 2014 in Beijing to start the car business "drop car", quick taxi in July announced the launch of the car business "a car." Earlier this year, the two announced a march into the corporate version of the service, the competition began to spread to the commercial car market. Explaining the reasons for the merger, the two sides pointed out that "the car field faces a variety of new changes and more new forces in the area, including driving, carpool, bus, subway and other areas of the broader mobile travel, the two sides are faced with a variety of challenges and risks。 As the pioneer of the industry, we need to gather the mobile internet talents, and independently adapt to the market and user needs to develop. "After the rapid merger, China Mobile will become the single largest travel industry." At present, the market's competitors also include easy to use cars and has entered the Chinese market, the U.S. taxi giant Uber, and so on, not long ago, the largest domestic car rental china car rental also announced to enter the car service market. The two sides have yet to announce further consolidation plans, but they are expected to take a longer period of time.