Zhang Bo, CTO of Didi Chuxing, Steps Down as Chairman of 19Pay

According to Tianyancha App, on Monday, Beijing 19Pay Technology Co., Ltd. underwent changes with the Industrial and Commercial Administration. Zhang Bo, CTO of Didi Chuxing, stepped down as the Chairman of 19Pay.

Beijing 19Pay Technology Co., Ltd. was established in July 2010 with Jiao Yang as legal representative and 300 million yuan registered capital. According to the equity distribution chart, the company is wholly-owned by Beijing Xiaoju Technology Co., Ltd.

On December 30, 2021, DiDi released its first financial report after going public and shows that the company incurred a net loss of 30.6 billion yuan in the third quarter. Meanwhile, DiDi announced an adjustment to the company’s board of directors. Zhang Yong, the CEO of Alibaba, resigned as director. Yi Zhang, the senior legal director of Alibaba and the general counsel of Alibaba‘s local life services branch, was assigned as the new director.

SEE ALSO: Didi Reveals $4.8 Billion Loss, Alibaba CEO Zhang Yong Resigns From Board