- Didi co-founder Jean Liu resigns as president and board director after a decade.
- Liu, a former Goldman Sachs banker, was instrumental in Didi’s growth and success.
- Liu’s leadership solidified Didi’s position in the ride-hailing industry.
Riding off into the sunset
Jean Liu, the co-founder of Chinese ride-hailing giant Didi Global, has stepped down from her positions as president and board director, concluding an impressive 10-year journey.
Liu, a former Goldman Sachs banker, was the driving force behind Didi’s merger with Kuaidi and the takeover of Uber China.
Her charm and business acumen also attracted investments from big-name players like Apple.
Shifting gears to a new adventure
Liu is now embarking on a new role as a “permanent partner,” where she’ll continue to steer her current responsibilities, including her position as chief people officer, as revealed in an internal letter by CEO Will Cheng.
In the letter, Liu shared her aspirations to focus more on the company’s long-term growth in the future.
Liu’s resignation comes after a bumpy ride for Didi. The company encountered regulatory roadblocks and a hefty US$1.2 billion fine following its US$4.4 billion US IPO in 2021, ultimately leading to its delisting from the New York Stock Exchange in 2022.
However, Liu’s steady hand at the wheel has been crucial in maneuvering Didi through various challenges and solidifying its position in the ride-hailing industry.
To read the original article: https://www.techinasia.com/didi-cofounder-liu-resigns-president-board-director
