💨 Abstract

Didi Global, a Chinese ride-hailing company, reported a 7.1% rise in Q4 revenue to 52.9 billion yuan, recovering from regulatory issues. Despite a net loss of 1.3 billion yuan due to new accounting standards and investment losses, travel demand in China showed signs of recovery, resulting in a 10.8% year-on-year increase in transactions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖