From Yahoo Finance: 2025-06-05 05:19:00

Chinese ride-hailing company Didi Global saw an 8.5% revenue increase in Q1 2025, reaching 53.3 billion yuan. Net income was 2.4 billion yuan, a turnaround from a 1.4 billion yuan loss. Despite previous regulatory challenges, Didi completed 3.3 billion transactions in China, facing increased competition from super-apps like Alibaba and Meituan.

Regulators fined Didi $1.2 billion in 2022 for data security violations and delisted the company from the U.S. Despite this, Didi has maintained its dominant position in China’s ride-hailing sector, facing challenges from competitors integrating ride-hailing services into their platforms. Didi also operates in Brazil and Mexico, with international revenue rising to 3 billion yuan in Q1 2025.

Didi has divested non-core assets in the past two years, selling its smart cockpit unit and electric vehicle development business. The company’s recovery from regulatory setbacks and strategic divestments have contributed to its financial growth and resilience in the competitive ride-hailing market.

Read more: China’s Didi Q1 revenue rises 8.5% as recovery gains pace