BEIJING : Chinese ride hailing giant Didi Global on Saturday reported a 19 per cent year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll. In its first annual report since it delisted from the U.S. last year, Didi said its total revenue fell to 14
BEIJING : Chinese ride hailing giant Didi Global on Saturday reported a 19 per cent year-on-year fall in 2022 revenue, as the country’s COVID lockdowns and a regulatory crackdown took a toll.
China imposed stringent COVID restrictions across the country last year that had hammered its economy. It lifted those restrictions in December last year. Its China mobility business swung to a loss in 2022, though Didi said it has returned to growth this year, citing a rapid recovery in travel across China after the ending of COVID curbs.
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