Dai Wei () is the founder and chief executive officer (CEO) of the Chinese

bike-sharing A bicycle-sharing system, bike share program, public bicycle scheme, or public bike share (PBS) scheme, is a shared transport service where bicycles are available for shared use by individuals at low cost. The programmes themselves include b ...

company

ofo Ofo (), stylised as ofo, was a Beijing-based bicycle sharing company founded in 2014. It used a dockless system with a smartphone app to unlock and locate nearby bicycles, charging an hourly rate for use. In 2017, it had deployed over 10 mil ...

Early life and education

In 2009, he studied in the department of finance of

Guanghua School of Management The Guanghua School of Management () is the business school of Peking University in Beijing, China. The school offers undergraduate, master's, and doctoral programs, with a total enrollment of more than 3,000 students. In addition to full-time ac ...

in Peking University. After graduating in 2013, he followed the central branch of the mission in Dongxia town, Dantong county, Qinghai province, and worked as a maths teacher for one year. In 2014, he returned to

Peking University Peking University (PKU; ) is a public research university in Beijing, China. The university is funded by the Ministry of Education. Peking University was established as the Imperial University of Peking in 1898 when it received its royal charter ...

for his master's degree.

Life

He is a young entrepreneur and obtained his MSc of Economics from

. In 2014, Dai Wei cofounded bike-sharing startup

Ofo Ofo (), stylised as ofo, was a Beijing-based bicycle sharing company founded in 2014. It used a dockless system with a smartphone app to unlock and locate nearby bicycles, charging an hourly rate for use. In 2017, it had deployed over 10 mil ...

, the first dockless sharing bike platform in the world. Adhere to the concept of "not to produce cars, only to connect cars", this sharing economy corporation committed to meeting the needs of urban residents for short-distance travel while promoting the development of shared economy and environmental protection After raising hundreds of millions of dollars from a list of powerful investors including

Coatue Management Coatue is an American technology-focused investment manager led by founder and portfolio manager Philippe Laffont. Coatue invests in public and private markets with a focus on technology, media, telecommunications. the consumer and healthcare se ...

, Chinese ride-sharing service

Didi Chuxing Didi may refer to: Arts and entertainment * "Didi" (song), a song by Khaled * Didi, the principal character in ''Didi's Comedy Show'', a German comedy television show * Didi Pickles, mother of Tommy and Dil in the cartoons ''Rugrats'' and ''All ...

, and Russian billionaire investor

Yuri Milner Yuri Borisovich (Bentsionovich) Milner (russian: Юрий Борисович (Бенционович) Мильнер; born 11 November 1961) is a Soviet-born Israeli entrepreneur, venture capitalist and physicist. He is a cofounder and former c ...

, Dai Wei expanded

rapidly across China and worldwide. For the US market, Dai Wei personally hired

Uber Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), package ...

spokesperson and Mandarin speaker Chris Taylor to run ofo US operations. Taylor has been instrumental in ofo's global success and also helps Dai on Chinese projects as well. In 2017, Dai Wei made the Forbes List of 30 under 30 Asia for Consumer Technology. Lina Feng had joined Dai Wei's senior leadership team in 2018 to manage US and China operations. After rumors of bankruptcy and a potential buyout by

Didi Didi may refer to: Arts and entertainment * "Didi" (song), a song by Khaled * Didi, the principal character in '' Didi's Comedy Show'', a German comedy television show * Didi Pickles, mother of Tommy and Dil in the cartoons ''Rugrats'' and ''Al ...

and

Ant Financial Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million ...

, in 22 October 2018, the legal representative of

changed. Chen Zhengjiang replaced Dai Wei becoming the legal representative of Dongxia Datong (Beijing) Management Consultancy Co. Ltd., the operating company of

References

{{DEFAULTSORT:Dai, Wei Businesspeople from Anhui Living people 1991 births People from Xuancheng High School Affiliated to Renmin University of China alumni Chinese chief executives 21st-century Chinese businesspeople