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  • Jeanne you is one of the most powerful women in tech.

  • She's the president of DD.

  • Choosing the company operates one of the world's biggest ride hailing service is completing up to 30 million rides per day.

  • That's about 10 million more than uber.

  • DD is also the world's second most valuable startup with a lofty $56 billion valuation.

  • But Didi's valuation has been called into question following Uber's disastrous I Po DD shares is said to be trading privately, 40% lower than their peak.

  • Investors are starting to doubt if car hailing companies can ever turn a profit.

  • This is how Jean You took on Uber and made DD one of the most high profile companies in China.

  • View was born into a prominent family in Beijing in 1978.

  • Her father is a Chinese tech icon.

  • You try and do.

  • The founder of Lenovo.

  • Giulio strikes people as a type a personality.

  • I think part of it does come from the fact that her father is one of the most famous people in China, and she's been trying to make a name for herself.

  • View majored in computer sciences at Harvard and spent 12 years Managing Asia Investments at Goldman Sachs.

  • In July 2014 she joined the then two year old startup DD, aiming to help solve China's massive traffic problems.

  • Right after I trying DD, there's this woman coder coming to my office, say, Want to resign?

  • Asked her Why?

  • And she said, I got pregnant.

  • I said, You know, you can still work here if you get pregnant She said, No, it's the commute that's killing me And you know, she was spending three hours switching between buses and subways everyday.

  • There are many, many people like that in Try not 100 million Chinese.

  • Their rise 1.4 billion times every day.

  • You brought her financial expertise to D D.

  • She helped the company raise billions of dollars to compete against karate, its largest local rival, on later broken emerging with them.

  • Months after the completion of the deal, you was diagnosed with breast cancer.

  • She survived and returned to work to face one of the biggest battles of her career.

  • Dede was facing its strongest competitors ever.

  • Uber, which was already big in the U.

  • S.

  • And starting to expand globally, became when we were three years old, and the war test.

  • The money they brought in was bigger than our mark account.

  • So we were scared for a moment and there was a big decision.

  • Whether we give in or not, D d didn't give in.

  • Instead, you and her company fought an all out battle against uber.

  • The two companies spent billions discounting rides and recruiting drivers in an attempt to crush one another.

  • Gaining market share turned into a question of who had more money to burn.

  • First of all, we worked really hard.

  • You know, the product team, stay in the office, you know, for three months they sleep in the office and we roll out four product lines after whoever came in.

  • And secondly, we think we understand the market more.

  • For example, many of China's cities restrict the use and ownership private cars as a way to manage traffic and pollution.

  • So Dede focused on taxi hailing, but uber didn't seem to understand that did.

  • He also had the support of China's to mobile payments giants Ali pay and we chat pay.

  • They help smooth transactions and also back DD subsidizing its drivers.

  • A year later, both Didi and uber realized that they had to stop the costly war and concentrate on building their businesses.

  • In August 2016 DD bore Uber China after receiving a $1,000,000,000 of funding from Apple, a deal largely brokered by Jean You Uber also acquired a small stake, Indeedy retreating from the Chinese market.

  • Since then, DD started to dominate the domestic market.

  • Julia was instrumental in brokering the Apple deal.

  • When she met him Cook.

  • She was saying that DDS logo is an orange and apple being another fruit company, they were bound to do great things together.

  • 22 days later, they announced that Apple was investing $1 billion into DT while DD triumphed over uber in China.

  • They soon began competing globally.

  • DD has entered markets in Latin America, Australia and Japan.

  • It now completes an average four million rides a day outside of China.

  • It also launch proxy wars against Buber through investments in many of its international competitors, such as Grab Cuba's biggest competitor in Southeast Asia and lift the main uber rival in the US Didi and uber have a pretty interesting relationship.

  • After the merger, they did have this short period of truce, and they were observers on each other's boards, but that has come to a halt right now.

  • D d did form strategic alliances with grab lift, but it hasn't been working as closely as people envisioned.

  • And just like uber did, he has ambitions beyond Ride, hailing its venturing into undermanned food delivery.

  • Bike an e bike sharing, smart City solutions driverless cars on the lucrative car financing business that gene you helped to build.

  • But those ambitions may be kept in check by a yearlong company overhaul triggered by the alleged murder of two female passengers.

  • The company's safety record was thrown into the spotlight.

  • Has thousands of users publicly deleted the APP regulators crackdown on the type of drivers and cars allowed on Dee Dee's carpooling service?

  • Hitch, What's it we owe you?

  • It was a huge setback for duty at the time it had to halt its carpooling service.

  • It was a very lucrative business for the company, and after that it went through a series of revenge, trying to step up its security measures.

  • They finally resume that service last year despite news success with the company, helping grow it into a massive start up with about 13,000 staff there remains serious questions about the business company is said to have lost $1.6 billion in 2018 investors, a doubting if it can ever turn a profit.

  • It faces stringent regulatory crackdowns competition from regional operators, even after muscling you about China.

  • Outbreak of Corona virus in China could also dampened Edie's prospects as the government has imposed travel restrictions between many cities and people are traveling a lot less within cities.

  • That's another make or break year.

  • For Davey and a lot of dream news.

  • Legacy depends on whether she can prove that DeeDee can be a profitable company in the long run.

Jeanne you is one of the most powerful women in tech.

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