Yahoo Co-Founder Jerry Yang Joins Didi Chuxing’s Board

Didi Chuxing, the $16 billion USD ride-hailing service dominating China, has appointed Yahoo Inc co-founder Jerry Yang to its board, strengthening a network of existing investment relationships between Didi Chuxing, Alibaba Group Holdings Ltd, SoftBank Group Corp and Yahoo.

Both Alibaba and Yahoo received early investment from SoftBank. Alibaba then backed Kuaidi, which merged with Didi in early 2015 (later rebranded under Didi Chuxing). Mr. Yang is also an investor in Alibaba, and sits on the e-commerce company’s board alongside Jack Ma and SoftBank CEO Masayoshi Son.

Didi isn’t the only ride-hailing operation seeking to consolidate management across foreign investment partners in China. In September search giant Baidu appointed Uber CFO Brent Callinicos to their board. Baidu is a core investor in Uber’s China-side service.

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