Charlie Rose: Jean Liu is here. She is the President of Didi Chuxing. It is China's and the world's largest ride sharing company. It also offers services like bike sharing and car rentals, Alibaba, Apple, and SoftBank are among her investors. Didi also has stakes in other companies around the world. I'm pleased to have Jean Liu at this table for the first time. Welcome.
Jean Liu: Thank you, Charlie. Thank you for having me here.
Charlie Rose: We have so looked forward to this. You have said a very interesting thing. You said it is really a world-class dilemma how to move around 800 million urban Chinese. How are you solving this dilemma?
Jean Liu: Yes, actually, that's one of my biggest motivation, joining this company three years ago. I give you a story -- right after I joined Didi, there's this woman coder coming to my office saying I want to resign. I asked her why, and she said, I got pregnant. I said, you know, you can still work here if you get pregnant. She said no, it's the commute that's killing me. And you know, she was spending three hours switching between buses and subways every day. And there are many, many people like that in China, 800 million Chinese that rides 1.4 billion times every day. So for us, you know, when we know how many people have these much need, we basically design a product for them. So the difference between us and a lot of other players is we offer a full range of services. So not just a private car share like here in the states, but also taxi.
Charlie Rose: Bicycles.
Jean Liu: Bicycle because not a lot of people can afford private car ride in China, so bicycles, and minibus, carpooling. There are a lot of very interesting local productswe are trying to connect with people.
Charlie Rose: How many cities in China are you operating?
Jean Liu: 400.
Charlie Rose: 400 cities.
Jean Liu: Yes, 400 cities. And a lot of them are mega cities, very different from cities here. When you think about cities here, I think New York is a huge city already. But there are more than 15 cities in China that are bigger than New York.
