He pushed Uber out of China. Then he got too big for Beijing
CNN
Cheng Wei built a world-class ride-hailing app that not even Uber could keep up with in China.
But Didi's risky play for expansion and dominance — culminating in a disastrous IPO this summer — has caused it to run afoul of Beijing. And now, the company's top executive faces a difficult balancing act: placating regulators at home and investors abroad, while fending off fierce competition.
Cheng, 38, who also goes by Will Cheng, is the youngest entrepreneur heading one of China's biggest tech firms. He's been busy in the nine years since Didi was founded: Cheng has knocked out a flurry of powerful opponents and amassed nearly 160 million monthly active users by the first quarter of this year in China alone, nearly double the amount of users that Uber has worldwide.
Ghislaine Maxwell, the former girlfriend of Jeffrey Epstein, is making another effort at overturning her conviction for child sex trafficking and other crimes, with new court filings Wednesday claiming evidence has emerged showing that she did not receive a fair trial.
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A defiant Fulton County District Attorney Fani Willis is testifying before an investigative Georgia Senate Committee on Wednesday. The committee scrutinized her prosecution of President Donald Trump and multiple codefendants, at one point cutting Willis’ microphone briefly when she testified beyond the question she was asked.
Rep. Sarah McBride on Wednesday criticized congressional Republicans as being “obsessed with trans people” ahead of a vote on bills that would restrict youth access to gender identity care and penalize health workers who provide it.
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Authorities hunting for the perpetrator of the deadly mass shooting at Brown University released a new enhanced photo yesterday. Follow for live updates
In a stunning blow to Speaker Mike Johnson, four GOP lawmakers on Wednesday agreed to back a Democratic push to extend pandemic-era Obamacare subsidies.