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Transportation company DiDi was founded by an alumnus of Chinese e-commerce giant Alibaba , Cheng Wei . Originally backed by Tencent , in 2015 it merged with its biggest Alibaba backed rival , Kuaidi . Such was its dominance of the Chinese market that it bought out Uber ’ s Chinese business . Expanding beyond its original ride-hailing remit , the company has branched out into areas such as robotaxis , where it is planning to test its fleet of autonomous vehicles on the streets of Shanghai imminently .

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YEAR FOUNDED

CHENG WEI OCTOBER 2020