'I get it now, but it's too late.'
"President Cheng, why don't we build another ride-hailing platform and start over from scratch?"
Zhang Bo, the CTO of DiDi Dache, said indignantly as he looked at Cheng Wei's exhausted expression.
"There's no chance. The domestic venture capital firms willing to invest in the ride-hailing sector are either on Fast Taxi's side or DiDi Dache's. This business burns too much money; very few investors dare to pony up the cash."
Cheng Wei replied with a bitter smile, shaking his head.
From May to August, DiDi Dache had burned through 430 million in funds, losing over 100 million a month. The barrier to entry for this industry was just too high.
Zhang Bo froze for a moment, then sighed and stared blankly out the window. Down below, a few cicadas on a loquat tree let out piercing cries that sounded both mournful and bleak.
Cheng Wei stood up, walked out the door, and leaned against the glass wall, staring vacantly at the office before him.
