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Asia Apple Uber/Lyft

Didi’s Founder Presides Over Unruly Investor Group

If anyone needs supervoting shares to keep control of their company, it looks to be Didi Chuxing founder Cheng Wei.

Didi’s purchase of UberChina is just the latest in a series of mergers that Mr. Cheng has undertaken to create a $35 billion ride-sharing giant in China. That string of deals has created a potent mix of investors in the company.

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“He will prioritize what’s right for Didi, not necessarily what’s right for Alibaba or Tencent. I think the reality is that Cheng Wei has the power to make that call.”