In August 2016 Chinese taxi hailing platform Didi Chuxing acquired Uber China after closing several investments with Baidu, Alibaba, Tencent (BAT), Apple, Foxconn and China Investment Corp. These impressive investments totalled US$1 billion, with the market valuation reaching US$35 billion. Didi Chuxing now lays claim to 300 million users, 10 million orders per day and 14 million drivers in over 400 Chinese cities. Founder Cheng Wei is only 33 years old and joins a long list of young Chinese changemakers that are disrupting Chinese markets.
Read More: East Asia Forum