Today, DiDi Chuxing, Chinese ride-sharing company, filed a listing prospectus with the SEC. The prospectus shows that prior to the IPO, the founder and CEO Will Cheng held 7% of the shares and co-founder and president Jean Liu held 1.7%. According to the regular arrangement of Chinese concept stocks, namely the same share with different rights, Will Cheng and Jean Liu have more than 48% of the voting rights totally, so the management of Didi, including Will Cheng and Jean Liu, has more than 50% of the voting rights.
