The profit margin for carpooling is about 1.85 times higher than driving, and 1.75 times more taxis. This shows that the sharing of the economy has a certain advantage. Third, higher income borders and fewer changes in days that do not work from working days. Finally, profit margins are almost 1.3 times larger than roads that have no crowd than roads.
Reduced profitability on transport roads is much more difficult to drive during the uprising and on the roads. We suggest that the relevant departments make appropriate efforts to make drivers more attractive to take passengers during working hours and on narrow roads and promote the sharing of the taxi market.
Taxi industry in Singapore began to sink in the early 1980s, flexible, comfortable, always accessible, and brought you right to the doorstep, road maxi cab quickly became a necessary service to Singapore. As society and technology become more advanced, the taxi industry faces a new and fast-paced revolutionary reality.
Didi Chuxing officially entered the Chinese market on June 1, 2015. In just three months, C2C (Customer to Customer) collected 5.5 million car drivers and 8.4 million passengers, and saw a peak of 2.23 million daily orders. According to Chinese Forward Business and Intelligence, in October of the same year, 53.7% of all rides were taken by people who ordered them online. In July 2016, the Ministry of Transport issued Provisional Measures for Managing Horse Riding Services and Guidelines for Deepening Reforms and Promoting Healthy Development in the Taxi Industry.
These documents represent the approval of the Chinese government on the Internet. As Internet applications and applications are heavily present, Didi Chuxing, Uber and other applications are entering the passenger transport market. Online platforms have added a private car on the side of the offer, satisfying customer demands for high quality transportation services.
As a new way of providing services to “Internet + Transportation”, online riding has added new business opportunities and well-used use of empty vehicles. It strengthens economic exchange and, at a certain level, reduces the burden on Chinese transport and transport infrastructure, making it easier for people in urban areas to catch.
Having a new reality in the taxi industry, these services reflect the traditional taxis industry with great opportunities and challenges in terms of development and governance. On the one hand, they have strengthened the distribution of information on the taxis market and, at a certain level, solved the problem of asymmetric information.