Cheng Wei Explained

Cheng Wei
(程维)
Birth Date:19 May 1983
Birth Place:Shangrao, China
Education:Beijing University of Chemical Technology
Occupation:Businessman
Known For:Founder, chairman and CEO of DiDi
Founder of Beijing Xiaoju Technology Ltd.

Cheng Wei (; born 19 May 1983) is a Chinese billionaire businessman.[1] He is the founder, chairman and CEO of DiDi, a Chinese mobile transportation platform with global operations.[2] In 2012, after eight years at Alibaba Group's regional and Alipay's operations, Cheng founded Beijing Xiaoju Technology Co Ltd in Zhongguancun.[3]

Biography

Cheng was born in 1983 in Jiangxi, China.[1] He received a bachelor's degree in administration from Beijing University of Chemical Technology.[4] [5] [1]

After graduation, Cheng served as an assistant to a chairman at a foot massage company. About one year later, Cheng applied to join Alibaba as a sales person for its business-to-business e-commerce service in 2005.[1]

For six years at Alibaba, Cheng served as a sales manager for the northern region of China. He later moved to China's largest third-party online payment platform, Alipay, where he was soon promoted to the position of regional manager.[4] [6]

In 2012, Cheng left Alibaba to found Beijing Xiaoju Technology Co and launch Didi Dache—translated to "Beep Beep Call a Taxi"—as the initial incarnation of his ride-hailing service.[1]

In 2014, Cheng hired Jean Liu (Liu Qing), a former Goldman Sachs Asia managing director, as the COO of the company.

In February 2015, the company merged with its rival Kuaidi Dache and was renamed Didi Kuaidi (later renamed Didi Chuxing or “DiDi”).[7]

In August 2016, DiDi acquired all assets of the Chinese division of Uber.[8]

Since the company was founded in 2012, under the leadership of Cheng Wei and Jean Liu, DiDi has grown to become one of the world’s highest valued tech start-ups.[9]

Other activities

In September 2015, Cheng was selected as a co-chair of the Summer Davos in Asia: Annual Meeting of the New Champions 2015.[10]

Published work

Prizes

Notes and References

  1. News: Uber Has Always Looked Unstoppable. Then It Went to China. Bloomberg.com. 2016-10-10.
  2. Web site: Didi Chuxing receives $600m investment from China Life Insurance - Business - Chinadaily.com.cn. 宋丽. www.chinadaily.com.cn. 2016-10-05.
  3. News: Didi's Cheng Wei: Chinese patriot who tamed Uber. Beijing. Paul Carsten. 2016-08-11. Reuters. 2016-10-07.
  4. News: How Uber Rival’s Founder Won Friends and Influenced Beijing. Kong. Eva Dou in Beijing and Juro Osawa in Hong. 2016-08-17. Wall Street Journal. 0099-9660. 2016-10-09.
  5. Web site: Cheng Wei. Executives in technology. 13 June 2019.
  6. News: The Early Wisdom of Didi Founder Cheng Wei. The Wall Street Journal. 2016-10-10.
  7. News: Tencent, Alibaba-Backed Chinese Taxi-Hailing Apps to Merge. Wong. Gillian. 2015-02-14. Wall Street Journal. 0099-9660. 2016-10-09.
  8. Web site: Beijing. Alyssa Abkowitz in. Kong. Rick Carew in Hong. Uber Sells China Operations to Didi Chuxing. Wall Street Journal. 7 October 2016. 1 August 2016.
  9. Web site: Ranking of highest valued startup companies August 2016 Statistic. Statista. 2016-10-05.
  10. Web site: Introducing the Co-Chairs of our meeting in China. World Economic Forum. 2016-10-07.
  11. Web site: 《滴滴：分享经济改变中国》呈现互联网+2.0. book.sina.com.cn. 2016-10-07.
  12. Web site: 50 of China's most influential business leaders in 2019. Fortune. April 15, 2019.
  13. News: 2018 Forbes China 50 Most Innovative Companies (Full List). Dept.. Forbes China Editorial. Forbes. 2018-08-06. en.
  14. Web site: 2017中国最具影响力的50位商界领袖 - 财富中文网. www.fortunechina.com. 2017-07-20.
  15. News: The Global Game Changers List 2017: Evan Spiegel, Anne Wojcicki And Other Business Leaders Reshaping The World. Gensler. Lauren. Forbes. 2017-07-20.
  16. Web site: The 20 Most Influential People in Tech Right Now. Pullen. Lisa Eadicicco, Alex Fitzpatrick, Matt Peckham, John Patrick. Time. 2017-10-08.
  17. News: Cheng Wei. 2016-11-10. Fortune. 2017-03-04. en-US. 2017-03-04. https://web.archive.org/web/20170304192914/http://fortune.com/businessperson-of-the-year/cheng-wei-8/. dead.
  18. News: Didi's Cheng Wei Is Forbes Asia's 2016 Businessman Of The Year. Wang. Yue. Forbes. 2017-03-04.
  19. Web site: The Wired 100. . 2016-10-05.
  20. News: 2015十大经济年度人物隆重揭晓. 2016-10-07.
  21. Web site: Fortune's 2016 40 Under 40. 2016-09-22. en-US. 2016-10-05. 2016-08-12. https://web.archive.org/web/20160812123310/http://fortune.com/40-under-40/cheng-wei-jean-liu-3/. dead.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Cheng Wei".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.