Introduction: the two companies after the merger

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Introduction: the two companies after the merger, the personnel structure remains unchanged, the business continues to develop in parallel, and will retain the brand and business independently. once a year in the Western Valentine’s Day approaching, biggest change taxi software market. Issued a joint statement drops of taxi and today, announced that the two achieve strategic merger. The two sides to determine, at the appropriate time after the Spring Festival, held a news conference. the new company will be the implementation of the CoCEO system, CEO process dimension and drops a taxi fast taxi CEO at the same time as Lv Chuanwei combined with CEO. The two companies remained unchanged in the personnel structure, business continued to develop in parallel, and will retain the brand and business independently. drops of taxi CEO Cheng Wei looked to the new company’s vision. He says, China Mobile microblog the rapid development of travel not only can maximize the energy saving, saving ground transportation resources, and solve the city traffic jam trouble fundamentally. More important is, through the mobile travel platform, people began to build trust between the person and person’s relations, and in the broadest sense, the realization of the establishment of social credit system. fast taxi CEO Lv Chuanwei said, the two sides after the merger, will focus on the advantages of both companies, product technology talent, continue to launch more travel service products perfect, to further accelerate the market development speed, produce more articles with the same effect, enhance the overall competitiveness, more actively and effectively promote the development of whole mobile travel industry. reportedly, drops a taxi and fast taxi after longterm price war, both the management of the company after repeated communication and exchange, reach a consensus, decided to the two companies to carry out strategic merger. the two sides did not disclose shareholding ratio and the new company valuation. According to the Wall Street journal previously reported, drops a taxi and fast taxi valuation or combined will reach US $6000000000. drops of taxi and fast taxi is born in 2012, since the date of the establishment of the layout, both in the market pace is very similar, the competition is very fierce. Data shows, drops of taxi won the 4 round of investment, the total amount of released over $800000000. Fast taxi released amount of financing and similar drops a taxi. With a large number of capital support, drops a taxi and fast taxi around the market share for the burning war has intensified. Tencent and Ali two giants were shares, drops a taxi and fast taxi has become WeChat payment and pay treasure to get mobile Internet users bridgehead. In 2014 January by bit taxi announced a partnership with WeChat, support WeChat payment function, at the same time WeChat was also added entrance drops a taxi; fast taxi, pay treasure in 2013 8 access, the two in the mobile payment as the war began to highlight. business, with the taxi software market has become saturated, the pattern of the market has stabilized, with a larger increment car become the new battlefield drops a taxi and fast taxi. Drops of taxi in 2014

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