Didi Chuxing

Didi Chuxing Technology Company is a Chinese mobility technology company headquartered in Beijing. The company offers app-based transportation and related services, including ride-hailing, taxi services, bike sharing and vehicle leasing. It also operates in areas such as food delivery, automobile services, and electric vehicle development. DiDi was founded in 2012 by Cheng Wei and initially launched as a taxi-hailing app under the name Didi Dache. DiDi expanded rapidly in China and merged with rival Kuaidi Dache in 2015. In 2016, it acquired Uber's operations in China in exchange for an equity stake. The company later pursued international growth through partnerships, acquisitions, and direct expansion into markets in Latin America, Asia-Pacific, and Africa. In June 2021, DiDi conducted an initial public offering (IPO) on the New York Stock Exchange. Days later, Chinese regulators opened a cybersecurity investigation into the company, citing concerns about data security and privacy. DiDi's apps were subsequently removed from domestic app stores, and in 2022, the company was fined 8.026 billion yuan (approximately US$1.2 billion). It delisted from the NYSE in June 2022. In early 2023, DiDi was permitted to resume new user registrations in China following regulatory review.