Didi Chuxing speeding ahead

Ride-hailing platform's success underlines how mobile internet technology is spawning a tide of innovation in China

China's internet landscape is never short of stories about overnight success. But when it comes to Didi Chuxing, the country's largest ride-hailing platform, its rapid ascent has still amazed many people. Within just five years, the startup, founded with 800,000 yuan ($121,000), has grown into a heavyweight with a valuation of $50 billion.

Its success underlines how the mobile internet technology is spawning a tide of innovation in China and how thousands of startups are scrambling to jump onto the bandwagon of digital economy.