China’s Didi swings to profit in fourth quarter

China’s Didi swings to profit in fourth quarter


DIDI Global, China’s largest ride-hailing company, on Saturday (Mar 23) reported a fourth-quarter profit, indicating that the Chinese ride-hailing leader has gradually recovered from difficulties after prolonged regulatory scrutiny.

Didi Global reported net income attributable to shareholders of 818 million yuan (S$152.6 million) in the three months ending Dec 31, compared with a loss of 953 million yuan a year ago. Revenues jumped 55.4 per cent to 49.4 billion yuan for the quarter. REUTERS



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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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