Didi reports 7.1% revenue rise, swings to Q4 loss

Reuters

Tue, Mar 18, 2025, 2:13 AM 1 min read

BEIJING (Reuters) -Chinese ride-hailing institution Didi Global reported connected Tuesday a 7.1% emergence successful fourth-quarter gross to 52.9 cardinal yuan ($7.32 billion), arsenic the company's betterment from a regulatory overhaul of its operations gathered pace.

The Beijing-based institution reported a nett nonaccomplishment of 1.3 cardinal yuan for the 4th ended December 31, compared with nett of 45 cardinal yuan successful the aforesaid play of past year.

Didi drew the attraction of China's cyberspace regulator successful 2021 implicit its pursuit of a U.S. archetypal nationalist offering without approval, prompting an enquiry that prohibited it from adding users and saw galore of its apps removed from stores.

The regulator handed Didi a $1.2 cardinal good successful July 2022 implicit a information information violation, earlier granting the institution support to relaunch its apps successful aboriginal 2023. The institution was delisted from the U.S. successful 2022.

Travel request successful China has shown signs of a recovery, though economical maturation is sluggish. Didi completed a full of 3.25 cardinal transactions during the quarter, a 10.8% year-on-year emergence crossed its platforms successful China.

($1 = 7.2228 Chinese yuan renminbi)

(Reporting by Liam Mo and Brenda Goh, Editing by Louise Heavens)