Cheng Wei

Cheng Wei (simplified Chinese: 程维; traditional Chinese: 程維; pinyin: Chéng Wéi; born 19 May 1983) is a Chinese billionaire businessman.[2] He is the founder and CEO of DiDi, a Chinese mobile transportation platform with global operations.[3] In 2012, after eight years at Alibaba Group's regional and Alipay's operations, Cheng founded Beijing Xiaoju Technology Co Ltd in Zhongguancun.[4]

In this Chinese name, the family name is Cheng (程).
Cheng Wei
(程维)
Cheng in 2017
Born (1983-05-19) 19 May 1983
Shangrao, China
NationalityChinese
EducationBeijing University of Chemical Technology
OccupationBusinessman
Known forFounder and CEO of DiDi
Founder of Beijing Xiaoju Technology Ltd.
Net worthUS$1.2 billion (October 2019)[1]

Biography

Cheng was born in 1983 in Jiangxi, China.[2] He received a bachelor's degree in administration from Beijing University of Chemical Technology. [5][6][2]

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.[2]

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.[5][7]

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.[2]

In 2014, Cheng hired Jean Liu (Liu Qing), a former Goldman Sachs Asia managing director, as the COO of the company.[7]

In February 2015, the company merged with its rival Kuaidi Dache and was renamed Didi Kuaidi (later renamed Didi Chuxing or “DiDi”).[8]

In August 2016, DiDi acquired all assets of the Chinese division of Uber.[9]

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.[10]

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.[11]

Published work
  • DiDi: the sharing economy is changing China", co-authored by Jean Liu and Zhang Xiaofeng, ed. Posts & Telecom Press, June 2016.[12]

Prizes
  • 2019: Fortune China’s list of 50 Most Influential Business Leaders[13]
  • 2018: 50 Most influential business leaders in China by Forbes China[14]
  • 2017: 50 Most Influential Business Leaders by Fortune China[15]
  • 2017: Global Game Changers by Forbes[16]
  • 2017: 20 Most Influential People in Tech list by the TIME magazine[17]
  • 2016: Businessperson of the Year by Fortune magazine[18] and Forbes Asia's Businessman of the Year[19].
  • 2016: Wired 100 List.[20]
  • 2015: "Top 10 Economic Influencers of China" by Sina.com.[21]
  • 2015: "40 under 40" list by Fortune magazine.[22]

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