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Cheng Was Born in 1983 in Shangrao in China’s Southeastern Jiangxi Province. After Graduating from the Beijing University of Chemical Technology with a Degree in Administration, He Took on the Role of Assistant to the Head of a Massage Company. Just One Year Later in 2005, However, He Quit to Join Jack Ma’s Alibaba (The Owner of the South China Morning Post).

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Then, in 2012, Cheng Left Alibaba to Register His Own Company, Beijing Orange Technology Co. It Was His First Step Toward Launching Didi Dache, Which Went on to Become Today’s Didi Chuxing.

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In 2016, Cheng Acquired Uber China, and from That Point on the Company Began to Really Move into the Big Leagues, Expanding Not Just in China but Across the World. by 2017, Chinese News Agency Xinhua Reported That Didi Chuxing Had Completed a Total of 7.43 Billion Rides Across 400 Cities Across China.

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In 2018, Cheng Upgraded Didi Chuxing’s Safety and Security System After Two Attacks on Female Passengers by Drivers, and Pledged to Invest Us$20 Million in Upgrading Its Services. This Year, Didi Was Named One of the Most Influential Companies in the World by Time Magazine, and Now Has Operations in a Total of 16 Other Countries, Including Brazil, Mexico and Russia.

How Did Didi Beat Uber in China? Founder Cheng Wei Built His Ride Sharing App from the Ground up – Now He’s a Billionaire

By Chloe Bennett

• Oct 8, 2026 • 3 min read

How Did Didi Beat Uber in China? Founder Cheng Wei Built His Ride Sharing App from the Ground up – Now He’s a Billionaire

Direct Answer • Key Takeaway

Most of Us Are Familiar with the Likes of Grab and Uber for Ride-Hailing and Sharing, but in China, Didi Chuxing Is the Ride Hailing Platform of Choice, with a Whopping 90 per Cent Share of the Market. as a Result, Cheng Wei, the Company’s 38-Year-Old Founder, Is Believed to Have a Net Worth of Us$1.2 Billion, According to Forbes.

Chloe Bennett

Culture, Media & Entertainment Columnist

Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.

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