Didi Chuxing Stock

xiaojukeji.com | Transportation | Founded: 2012 | Funding to Date: $4.4B

DiDi Chuxing was founded in February 2015 as a result of a merger between Didi Dache and Kuaidi Dache and is headquartered in Beijing, China. The company operates a rideshare platform that connects passengers with available drivers. While the company operates globally, its core market is in China where it claims to have 99 percent market share of taxi e-hailing in many markets. Similar to other rideshare companies, the firm has expanded to adjacent transportation modes as well as into peer-to-peer payments and AI capabilities. As of December 2018.

Key Investors
Alibaba
Capital International Private Equity Fund
DST Global
GGV Capital
Hillhouse Capital
Ping An Insurance
Rakuten
Tencent Holdings
Temasek Holdings

TEAM

Management Team
  • Cheng Wei - Co-Founder & CEO
  • Zhang Bo - Co- Founder &CTO
  • Jena Liu - Co-Founder & President
  • Li Zijian - Head of International Strategy
  • Weibo Huang - Senior Director, Finance & Legal Chief
Board Members
  • Jixun Foo - GGV Capital
  • Travis Kalanick - Uber
  • Jenny Lee - GGV Capital
  • Jerry Yang - AME Cloud Ventures

NEWS

Techcrunch

China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to financial data that Chinese news site 36Kr obtained. For some context, Uber posted a net loss of $9…

Techcrunch

China’s largest ride-hailing firm Didi plans to let go 15 percent of its employees or about 2,000 people this year, sources told TechCrunch. The cut comes as the beleagured transportation giant copes with a stricter regulatory environment that puts a squeeze on driver supply and backlash from…

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