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Chinese ride-hailing company Didi reports $128m net income
Chinese ride-hailing company Didi Global reported a net income of 929 million yuan (US$128.42 million) for the third quarter ending September 30.
This represents a turnaround from a 284 million yuan (US$39.17 million) loss in the same period last year.
For the quarter, revenue rose by 5%, totaling 53.9 billion yuan (US$7.43 billion).
Over the past two years, Didi has sold several non-core assets as part of its restructuring.
It also divested some electric vehicle assets to Xpeng in 2022.
Recent Didi developments
| Timeline |
|---|
23-Oct-2024 🤖 Didi raises $298m series C led by GAC Group
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20-May-2024 🚖 Didi co-founder resigns as president, board director
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28-Nov-2023 🚖 Didi Chuxing blames massive ‘system failure’ for service disruption
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21-Jul-2022 💸 Didi fined $1.2b in China for violating data security rules
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| 19-Jul-2022 💸 Didi may face over $1b fine as data security probe nears end |
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