Xiao Ju technology is not Didi's "real body". In Hong Kong, there is a foreign-funded enterprise named "Xiao Ju Science and Technology Hong Kong Limited". Beijing Didi Unlimited Technology Development Co., Ltd. is a wholly-owned company in Beijing with a registered capital of 560 million yuan and its legal representative is Cheng Wei. Wang Gang and Allen Zhu, early investors of Didi, are also directors of Didi Unlimited. At the same time, a registered company named Didi (China) Technology Co., Ltd. can also be found in the credit information publicity system of Tianjin market participants. The registered capital of this company has reached US$ 200 million, and its legal representative is Cheng Wei. In the company's high-level information, the names of Liu Qing and others are impressively listed. These two companies, which are much bigger than Xiao Ju Technology, are both registered in Hong Kong. Such a structure and capital setting have made Didi's suspected "VIE structure" gradually surface.
According to reports, VIE mode refers to the separation of overseas registered and listed entities from domestic business entities. The overseas listed entity controls the domestic business entity through agreement, and the business entity is the VIE (Variable Interest Entity) of the listed entity.
According to public information, Xiao Ju Science and Technology Co., Ltd. (hereinafter referred to as Xiao Ju Science and Technology Cayman Company) is the controlling shareholder of Xiao Ju Science and Technology Port Co., Ltd., and Cheng Wei, Wang Gang and Allen Zhu, an early investor of Didi, are all directors of the company. At the same time, Didi (Hong Kong) Technology Co., Ltd. is controlled by Hail Venture Capital Global Limited, an offshore company registered in the British Virgin Islands. As early as August 20 13, Virgin CVG officially obtained the actual control right of the predecessor of Didi Hong Kong, Bumblebee (Hong Kong) Information Technology Co., Ltd. In other words, the sole shareholder of Didi China evolved from the original "Bumblebee" related company (Bumblebee was quickly merged earlier).
Another company, Xiao Ju Kuaizhi Company, may be the product of joint investment between Xiao Ju Technology Cayman Company and Virgin CVG. This is an offshore company registered in Cayman Islands, and Xiao Ju Kuaizhi's name is often used in foreign media reports. Last year, I rented a car and sold the equity of Xiao Ju Kuaizhi to cash out; Gao Yan Capital has also contacted investors in Xiao Ju Kuaizhi, and plans to increase its share in the company. It is also reported that Didi will be listed under the name of Xiao Ju Kuai.
The establishment of Xiao Ju Kuaizhi is not too early. Xiao Ju is synonymous with Xiao Ju science and technology, and Kuaizhi is synonymous with Kuaizhi technology, the original fast company. This shows that this company was established after the merger of Didi and Kuai. Investment still needs to go to some formal platforms, such as Tencent Zhongchuang Space.