Didi Slides Into the Red in Patchy Post-Crackdown Recovery
Didi Global Inc. reported a net loss of 1.3 billion yuan for the December quarter, versus a profit a year ago.
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Didi Global Inc. swung back to a quarterly loss, a blow to the Chinese ride-hailing leader exploring a Hong Kong listing this year.
The company reported a net loss of 1.3 billion yuan ($180 million) for the December quarter, versus a profit a year ago. Revenue climbed 7.1% to 52.9 billion yuan but expenses rose and the international business registered a loss, reflecting the rising cost of expansion.