Ground Transportation
China's Didi Q1 revenues rise 8.5% as the recovery gains pace
Didi Global, a Chinese ride-hailing service, reported on Thursday that its revenue grew 8.5% in the first quarter 2025. This was to $53.3 billion yuan or $7.42 billion. After adopting new accounting principles, the Beijing-based firm reported a net income of 2,4 billion yuan during the third quarter. This compares to a loss of 1,4 billion yuan in the same period last year. Didi attracted the attention of China’s cyberspace regulator 2021 for its pursuit of an initial public offering in the U.S. without approval. This led to an investigation that prevented it from adding new users and saw its...