Didi Global’s outgoing president and board director Jean Liu / Photo credit: Didi Global
Didi Global’s co-founder Jean Liu has resigned from her roles as president and board director of the Chinese ride-hailing giant, Reuters reported, citing an internal company letter.
Liu is a former Goldman Sachs banker who helped lead Didi for 10 years. She was key to Didi’s merger with Kuaidi and its takeover of Uber China, and she helped bring in investments from firms like Apple.
She will now transition to a new position as “permanent partner,” where she will retain her current responsibilities including her role as chief people officer, as stated in the internal letter by CEO Will Cheng.
“I hope that I can focus more on the company’s long-term development in the future,” Liu said in the letter.
Her resignation comes after a tumultuous period for Didi. Days after its US$4.4 billion US IPO in 2021, the Chinese government banned Didi from local app stores due to data collection violations, which led to a US$1.2 billion fine. The firm also delisted from the New York Stock Exchange in 2022.
See also: Asian tech feels the heat as regulators bare teeth
Editing by Miguel Cordon and Lorenzo Kyle Subido
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