Cheng Wei — founder profiled in the Chinese Founder Ledger — is documented as follows: founded ride-hailing app Didi Dache in 2012, grew it via a 2015 merger with rival Kuaidi Dache and the 2016 acquisition of Uber's China operations, then led the company through a 2021 NYSE IPO, a subsequent year-long Chinese cybersecurity probe, a $1.2 billion fine, and a 2022 NYSE delisting. The profile is grounded in the 2 sources indexed for this founder.
Cheng Wei (Will Cheng) · 2022 · South China Morning Post
China fines Didi Global US$1.2 billion, ends year-long probe
Didi conducted an NYSE IPO on June 30, 2021; days later, Chinese regulators (the Cyberspace Administration of China) opened a cybersecurity investigation citing data-security and privacy concerns, and Didi's apps were subsequently removed from domestic app stores.
Cheng Wei (Will Cheng) · 2022 · South China Morning Post
China fines Didi Global US$1.2 billion, ends year-long probe
The Cyberspace Administration of China fined Didi Global 8.026 billion yuan (~$1.2 billion) in July 2022 for data-security violations, fined Cheng Wei and Jean Liu Qing 1 million yuan each personally, and the company delisted from the NYSE in June 2022 before regaining permission to resume new user registrations in China in early 2023.