The Business Times

China’s Didi swings to profit in fourth quarter

    • 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
    Published Sat, Mar 23, 2024 · 01:15 PM

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Ride-hailingChina

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More