Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
DiDi a $100 million stake in 99 in January 2017, which also gave it the management rights in the app. In the same month, DiDi authorized LEDI Technology Co. as its franchisee to operate taxi-hailing business in Taiwan. February 2018: DiDi launched its new app in Hong Kong, which is an upgraded version of Kuaidi Taxi. The Kuaidi Taxi app had been used since 2015. It was also announced that DiDi will, along with SoftBank Group, begin a venture in Japan. April 2018: DiDi starts operation under its main name in Mexico, their first market outside Asia where operates with this