China’s Didi Q1 revenue rises 8.5% as recovery gains pace

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Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of its operations gathered pace.

The Beijing-based company reported net income of 2.4 billion yuan for the quarter, versus a loss of 1.4 billion yuan a year earlier, after adopting new accounting standards.

Didi drew the attention of China’s cyberspace regulator in 2021 over its pursuit of a US initial public offering without approval, prompting an inquiry…



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China’s Didi Q1 revenue rises 8.5% as recovery gains pace


Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of its operations gathered pace.

The Beijing-based company reported net income of 2.4 billion yuan for the quarter, versus a loss of 1.4 billion yuan a year earlier, after adopting new accounting standards.

Didi drew the attention of China’s cyberspace regulator in 2021 over its pursuit of a US initial public offering without approval, prompting an inquiry…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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