According to financial data leaked from Didi Chuxing, the company sustained a huge loss in 2018, with losses of up to RMB 10.9 billion [US$1.6 billion] in the past year. Meanwhile, in 2018, a total of RMB 11.3 billion [US$1.7 billion] was spent on driver subsidies.
Source: 36Kr, our translation
The alleged leaked figures point to mounting losses for China’s top ride-hailing app, which took a US$369.5 million hit in 2017.
Tech in Asia has reached out to Didi for comment We will update this accordingly once the company responds.
The app had a nightmarish 2018 after two female passengers were killed by their Didi drivers. In both cases, Didi’s safety measures were found to be inadequate. In response, the US$56 billion startup vowed to reorganize the business to focus more on safety.
Editing by Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
