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After cutting billionaires Jack Ma & Pony Ma to size China clips Didi founder Cheng’s wings

September 23, 2021
Source: indusbusinessjournal.com indusbusinessjournal.com
News Snapshot:
By SPS Pannu New Delhi– After cutting Alibaba founder Jack Ma and Internet behemoth Tencent founder Pony Ma to size, Communist China is now clipping the wings of high-flying Will Cheng, the founder of taxi-hailing giant Didi. Cheng, 38, is the youngest entrepreneur heading one of China’s biggest tech companies. In the nine years since Didi was founded he has created a tech giant that amassed nearly 160 million monthly active users by the first quarter of this year in China alone and taken over the operations of arch rival Uber in the country. This is nearly double the amount...
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Tags: Alibaba | app | automobile | Baidu | Beijing | big data | Business | China | Chinese | communist | crackdown | cybersecurity | finance | Internet | investment | Jack Ma | New York | online shopping | Pony Ma | search engine | stock exchange | stock market | technology | Tencent | Xi Jinping

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