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Five things to know about Didi

Bloomberg 

History Didi, formally known as Xiaoju Kuaizhi, traces its beginnings to 2012 and rival taxi-hailing apps that gained backing from China's biggest Internet companies. Didi Dache was supported by Tencent Holdings, which took part in a $100 million fundraising round in 2014. A rival service, Kuaidi Dache, attracted investment from e-commerce giant Alibaba. The two apps merged in February 2015 and subsequently expanded their businesses beyond calling taxis. Names behind it The Beijing-based company's CEO is Cheng Wei, a former employee of Alibaba. He recruited Jean Liu from ...

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First Published: Sat, May 14 2016. 20:51 IST
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