Cheng Wei all assets of the Chinese division of Uber, including its brand, business operations and data for operation within mainland China. Under the terms of the deal, Wei is set to become a board member of Uber and Uber's CEO also gets a seat on DiDi's board. 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. The company has evolved from a simple taxi-hailing app to taxi hailing, private car hailing, hitch (social ride-sharing), bus, minibus, chauffeur service, car rental service,
DiDi a $100 million stake in 99 in January 2017, which also gave it the management rights in the app. In the same month, DiDi authorized LEDI Technology Co. as its franchisee to operate taxi-hailing business in Taiwan. February 2018: DiDi launched its new app in Hong Kong, which is an upgraded version of Kuaidi Taxi. The Kuaidi Taxi app had been used since 2015. It was also announced that DiDi will, along with SoftBank Group, begin a venture in Japan. April 2018: DiDi starts operation under its main name in Mexico, their first market outside Asia where operates with this