Sign up to receive 5 free days of our daily summary for tech news.

Special Offer: Try out The Information today for only $10/month for your first 3 months. 

Enter your email to read the full article.

Zara Zhang shared this article with you.

Already a subscriber? Log in here

Asia

The Angel Investor Behind Didi Chuxing

In 2012, two executives at Alibaba pooled money to launch an app to help Chinese people hail taxis. The startup became Didi Chuxing, most recently valued at $28 billion. One of the co-founders, Cheng Wei, became CEO. The other, Wang Gang, has made so much money from Didi and an earlier stake in Alibaba that he is now one of China’s most active angel investors.

Mr. Wang put up $100,000 to start Didi, most of the seed money. In a rare and exclusive interview with The Information, Mr. Wang, 40, said his stake is worth $1 billion. In the past four years he has invested $20 million in over 70 companies in China and the U.S., following an investment philosophy he described in the interview.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Read this article for free

Zara Zhang shared this article with you.

Already a subscriber? Log in here

Recent Articles

Startups Uber/Lyft Markets

Uber’s Biggest IPO Losers

By Amir Efrati

Venture Capital Uber/Lyft Markets

Uber IPO Points to SoftBank Vulnerability

By Alfred Lee

Asia

How ByteDance Founder Is Building a Global Tech Giant From China

By Juro Osawa and Yunan Zhang

Autonomous Vehicles Uber/Lyft

Didi Chuxing in Talks With SoftBank to Raise Money for Autonomous Driving Unit

By Yunan Zhang, Amir Efrati, and Juro Osawa

“I invest in the person first, and then together we come up with an idea for a company. This was how Didi came into being.”