logo
#

Latest news with #DidiGlobal

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

Time of India

time6 days ago

  • Business
  • Time of India

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 that prohibited it from adding users and saw many of its apps removed from stores. The regulator fined Didi $1.2 billion in July 2022 over a data security violation, before granting the company permission to relaunch its apps in early 2023. The company was delisted from the U.S. in 2022. Live Events

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

Yahoo

time6 days ago

  • Business
  • Yahoo

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

BEIJING (Reuters) -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 U.S. initial public offering without approval, prompting an inquiry that prohibited it from adding users and saw many of its apps removed from stores. The regulator fined Didi $1.2 billion in July 2022 over a data security violation, before granting the company permission to relaunch its apps in early 2023. The company was delisted from the U.S. in 2022. Travel demand in China has shown signs of a recovery despite sluggish economic growth. Didi completed 3.3 billion transactions during the quarter, a 10.3% year-on-year rise across its platforms in China. ($1 = 7.1805 Chinese yuan renminbi)

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

Reuters

time6 days ago

  • Business
  • Reuters

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

BEIJING, June 5 (Reuters) - 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 U.S. initial public offering without approval, prompting an inquiry that prohibited it from adding users and saw many of its apps removed from stores. The regulator fined Didi $1.2 billion in July 2022 over a data security violation, before granting the company permission to relaunch its apps in early 2023. The company was delisted from the U.S. in 2022. Travel demand in China has shown signs of a recovery despite sluggish economic growth. Didi completed 3.3 billion transactions during the quarter, a 10.3% year-on-year rise across its platforms in China. ($1 = 7.1805 Chinese yuan renminbi)

China's Didi reports first-quarter revenue up 8.5%
China's Didi reports first-quarter revenue up 8.5%

Yahoo

time6 days ago

  • Business
  • Yahoo

China's Didi reports first-quarter revenue up 8.5%

BEIJING (Reuters) -Chinese ride-hailing company Didi Global on Thursday reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan, 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. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store