DiDi Loses Its CTO In The Chairman Position

Bob Zhang Bo, the CTO of China’s giant Didi Chuxing, left his position as the chairman of its payment subsidiary while the company is under investigation at home. It’s not clear why Zhang left, though it’s widely believed that he did it due to an investigation at home. It comes six months after China’s Cyberspace Administration started an investigation into the company. The investigation was launched after the company’s stock started trading in New York, as of now it costs $4.90 per share.

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Aside from leading the company’s autonomous driving business, Zhang also led the development of other product and data analytics frameworks. Prior to joining Didi, he was a technology leader at search giant Baidu. After announcing to get removed from the US, some employees were prevented to exercise their stock options until after the company’s IPO in Hong Kong. Due to the review, the company’s operations have taken a hit, which resulted in a 30.4 billion yuan loss in the third quarter.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

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