Cheng Wei, CEO of Didi Kuaidi, China's largest car-on-demand service provider, speaks during the Second World Internet Conference in Wuzhen, East China's Zhejiang province on Dec 17, 2015. [Photo/IC]

Cheng Wei, CEO of Didi Kuaidi

The taxi-hailing apps will not bring gridlocks to cities. The mission which Didi is now committed to doing is to rationalize the use of the limited city resources.

There will be more overseas acquisitions for China's tech companies. Merger and acquisition is a kind of enterprise ability. As a young enterprise, Didi is studying how to accelerate development by means of capital, and how to use it when we are ready to go for overseas market.

The fiercer the competition, the better. There will be a long time for Didi and Uber to compete in the global market and learn from each other. We quite enjoy the competition.

Sharing economy is the best way to solve the traffic jam in a long run. Didi has changed the traditional pattern of the industry. The question is how to manage the new pattern? First, every company should be accountable by establishing its own security department. Second, they should be open and transparent. Next year, Didi will publicly share some management details such as emergency response, driver and customer insurance, so as to be better supervised by Chinese regulatory authorities and the public.