BEIJING—Cheng Wei constructed ride-hailing firm Didi Chuxing Know-how Co. with wealthy investments from tech giants, a eager understanding of China’s smartphone financial system and a drive to dominate the sector via speedy growth.

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However public security had taken a again seat, he conceded this week in an apology following what police say is the second loss of life since Could of a feminine passenger by the hands of a Didi driver.

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