Date
20 November 2017
Liu Qing is shown with her father Liu Chuanzhi. The younger Liu is expected to ramp up the commercial market of taxi-hailing app DiDi (right photo) as its new chief operating officer. Photo: Baidu
Liu Qing is shown with her father Liu Chuanzhi. The younger Liu is expected to ramp up the commercial market of taxi-hailing app DiDi (right photo) as its new chief operating officer. Photo: Baidu

Lenovo founder’s daughter joins Tencent taxi app unit

A daughter of Liu Chuanzi, founder of Lenovo Group Ltd. (00992.HK), is joinining Tencent-backed taxi app operator DiDi Dache as its chief operating officer, the Hong Kong Economic Journal reported Tuesday.

Liu Qing, who is coming in as a partner, has worked 12 years with Goldman Sachs in its investment banking and private equity investment operations.

She is expected to develop DiDi’s commercial client market in competition with Uber and Alibaba-backed Kuaidi Dache, analysts were quoted as saying.

Tencent and DiDi are launching a new team to target commercial clients, the report said, citing tech.sina.com.cn. Tencent is said to have poured 3 billion yuan (US$484.84 million) into the business which is expected to come on stream in August.

Liu graduated from Peking University in 2000 with a computer science degree. She earned a master’s degree in management from Harvard in 2002.

She was promoted to executive director of Goldman Sachs Asia Pacific in 2008 and managing director for Asia Pacific in 2012.

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