Recently, it was reported how Malaysia's RM30 Billion Pension Fund invested in UBER.
The Folks at KWAP, should READ this carefully.
At the Beijing offices of the ride-hailing startup Didi, many employees refer to Cheng Wei, the founder and chief executive officer, as laoda, or “big boss.” Others use his English nickname, Will. This summer the world came to know him by another designation: the Uber Slayer, the one entrepreneur who managed to beat back the relentless advance of the richest, most rapacious startup since Bill Gates ran Microsoft. In August, after a multibillion-dollar, year-and-a-half-long battle, Uber agreed to sell its business in China and depart the country.
It was a face-saving retreat for Uber, which got a 17.7 percent ownership stake in Didi and $1 billion in cash. But it was a huge victory for Cheng. Eight weeks after the deal, on the fifth floor of the company’s headquarters, he’s careful to sound magnanimous toward his vanquished rival. “Uber is a great company,” he says. “They have the best strategy in China among all the Silicon Valley companies. They are more agile than Google. They aren’t like this in other parts of the world, but in China they’ve learned to show goodwill.
You can read the rest of the story here : https://www.bloomberg.com/features/2016-didi-cheng-wei/
