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After $4.4 billion New York IPO, founders of China’s Didi eye global growth

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Reuters

By Julie Zhu and Yilei Sun HONG KONG/BEIJING (Reuters) – From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc public in a $4.4-billion New York float. As Cheng rose to the upper echelons of Chinese technology entrepreneurs, he faced challenges including tough competition, intense criticism for Didi after rape and murder cases linked to its drivers in 2018, and a COVID-19 induced slowdown at home. While the biggest share sale by a Chinese company in the United States in seven ye…

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