In the last 5 years, the Chinese government has tightened vehicle data collection, data protection, data privacy, and cybersecurity through a series of laws and regulations. Frost & Sullivan recognizes that all electronic hailing (eHailing) platform providers in China must assess these regulations and update their business operations and strategies to ensure legal compliance.
China's eHailing market is mature. Growth drivers include residents’ improved living standards, restricted private car travel, and shortages of cruising taxis. In 2021, the country's eHailing market transaction scale reached $50.52 billion. The market remains on a
growth trajectory and is on course to reach $56.43 billion in 2022, registering year-on-year (YOY) growth of 11.7%.
By the end of 2021, 258 eHailing service providers had obtained the Online Taxi Booking Business License, an increase of 40 companies compared to 2019. Meanwhile, 3.9 million online ride-hailing driver's licenses and 1.6 million vehicle licenses were issued across China.
China has tightened data-related rules on the eHailing industry. In fact, the eHailing giant Didi Global Inc. (Didi) was fined $1.20 billion for 16 legal violations. As the investigation of the company’s cybersecurity gradually unfolded, Didi's rivals began competing to grab more market share. Chinese regulators later summoned 11 eHailing platforms, including Meituan, T3 Mobility, AutoNavi, and many other companies mentioned in this study, to stop illegal business expansion and publicity practices to recruit both drivers and passengers. Therefore, eHailing platforms must take serious measures to comply with newly released national cybersecurity laws and security guidelines on processing data collected from their vehicles.
Despite the ongoing national investigation on Didi, the company still dominates the eHailing market, with nearly 70.0% share in 2021. Tier II eHailing platforms such as Xiangdao Chuxing, T3 Mobility, Cao Geode Mobility, Shouqi Yueche, and Dida Chuxing totaled 20.0% market share in 2021. More than 200 eHailing platforms split the remaining 10.0% market share. Frost & Sullivan independently plotted China’s top 10 eHailing platforms in this Frost Radar™ analysis.
The study features Didi Global Inc. (Didi), Shouqi Group (Shouqi Yueche), SAIC Mobility Technology and Service (Xiangdao Chuxing), T3 Mobile Travel Services (T3 Mobility), Zhejiang Geely Holding Group (Cao Cao Mobility), Hello TransTech (Hello Chuxing), UCAR Inc. (UCar), Meituan (Meituan Dache), AutoNavi Holdings (AutoNavi), and Beijing Changxing Information Technology (Dida Chuxing). While more than 200 companies either are exploring the market or have recently entered it, Frost & Sullivan has identified these 10 as the market powerhouses.
Author: Ming Lih Chan
Strategic Imperative
Strategic Imperative (continued)
Growth Environment
Growth Environment (continued)
Frost Radar™: eHailing Platforms in China
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
AutoNavi
Cao Cao Mobility
Dida Chuxing
Didi
Hello Chuxing
Meituan Dache
Shouqi Yueche
T3 Mobility
UCar
Xiangdao Chuxing
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Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
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Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
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Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
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| Deliverable Type | Frost Radar |
|---|---|
| Author | Ming Lih Chan |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | eHailing Market |
| Keyword 2 | eHailing Platforms in China |
| Keyword 3 | electronic hailing (eHailing) platform |
| Podcast | No |
| WIP Number | PD8A-01-00-00-00 |
Frost Radar™: eHailing Platforms in China, 2022
A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines
05-Dec-2022
Asia Pacific
Frost Radar
