Richard Peng, one of China's most prolific dealmakers takes his biggest gamble yet with Genesis Capital

Richard Peng, one of China's most prolific dealmakers takes his biggest gamble yet with Genesis Capital

Richard Peng, CEO of All Star, Posnig for a photoshoot Discovery Bay, hong Kong on Tuesday, Mar 28,2017. Photographer: Calvin Sit/ Bloomberg

Richard Peng didn’t get to become one of China’s most accomplished deal-makers by pussyfooting around. In 2013, the Tencent acquisitions chief took a shine to a scrappy little ride-hailing app called Didi. He tracked down reluctant founder Cheng Wei and after several conversations lured him into his office. Then he locked the door.

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