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China’s Didi swings to profit in fourth quarter

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Published Sat, Mar 23, 2024 · 01:15 PM
    • Didi Global reported net income attributable to shareholders of 818 million yuan (S$152.6 million) in the three months ending Dec 31.
    • Didi Global reported net income attributable to shareholders of 818 million yuan (S$152.6 million) in the three months ending Dec 31. PHOTO: REUTERS

    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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