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Five things to know about Didi

Bloomberg 

History Didi,formallyknownasXiaojuKuaizhi,tracesitsbeginningsto2012andrivaltaxi-hailingappsthatgainedbackingfromChina'sbiggestInternetcompanies.DidiDachewassupportedbyTencentHoldings,whichtookpartina$100millionfundraisingroundin2014.Arivalservice,KuaidiDache,attractedinvestmentfrome-commercegiantAlibaba. ThetwoappsmergedinFebruary2015andsubsequentlyexpandedtheirbusinessesbeyondcallingtaxis. Namesbehindit TheBeijing-basedcompany'sCEOisChengWei,aformeremployeeofAlibaba.HerecruitedJeanLiufrom ...

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