Now that Uber has all but turned its back on China and conceded that giant market to Didi Chuxing through their new partnership it has more time and money to focus on taking away U.S. market share from Lyft.
As app-based ride-hailing services become widespread in personal use, it's no surprise that corporate travel use is also increasing — even if some employers aren't fully on board yet.
Lyft's case is hopefully a bit for foreshadowing into how Uber's similar case will be handled. As demand increases for ride-sharing drivers have every right to demand that their pay reflects that.
"Read the fine print" is good advice that most of us don't take. When ride-sharing companies treat drivers as contractors instead of employees, they limit their own liability.
Despite concerns about a possibly bloated valuation, Uber has had little difficulty attracting never investors. This will ensure that Uber's growth path won't stall out in the short-term, at least.
Didi is dominating China in a way that Uber would love to dominate any market. It's the one ride-sharing company that's going beyond points A and B to a larger suite of services.
Hertz knows it needs to get more involved in ride-sharing to keep itself relevant but isn't yet sure what that solution is. It doesn't see its current Lyft partnership as strategic, but it was still willing to test the ride-sharing waters.
Even with this new $2 billion funding round, Didi's new $25 billion valuation is still less than half of Uber's. But even with a higher valuation, Uber continues to lag far behind Didi in China.
Lyft still has lots of ground to cover if it wants to catch up to Uber's business with corporate clients, but the company is smart to get in front of managers who make decisions about employee travel.
Not only is Uber worried about losing marketshare in China--now it's sweating even more as Chinese travelers, the world's largest group of outbound travelers, have more incentive to use its competitor while visiting the U.S.