The icon for Didi Chuxing application, left, is displayed on a smartphone screen in this arranged photograph taken in Shanghai, China, on Sunday, May 22, 2016. Philippe Laffont's Coatue Management LLC, which manages more than $7 billion, has backed China's biggest ride-hailing app Didi Chuxing as it competes with Uber Technologies Inc. Photographer: Qilai Shen/Bloomberg via Getty Images