Frost Radar™: eHailing Platforms in China, 2022
Published on: 05-Dec-2022 | SKU: AU02472-AP-MR_27225

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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

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

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

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

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
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

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
More Information
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

AutomotiveFrost Radar™: eHailing Platforms in China, 2022

A Benchmarking System to Spark Companies to Action Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
05-Dec-2022
REGION
Asia Pacific
Deliverable Type
Frost Radar
Research Code: PD8A-01-00-00-00
SKU: AU02472-AP-MR_27225
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02472-AP-MR_27225