The AB stock model originated in the capital markets of developed countries such as Europe and the United States. It divides stocks into two categories, in which each share of Class A has 1 voting right, and each share of Class B shares has several times the voting power of Class A stocks., The earnings rights are the same per share. Using SWOT analysis method, with Didi Dache as the research object, analyze and study the governance effect of its AB‐type equity structure.