[BUSINESS]■ STORY TIMELINE

DIDI POSTS $177M Q1 LOSS AMID GLOBAL EXPANSION

Chinese ride-hailing giant Didi Global reported $8.7 billion in Q1 revenue, up 10% year-over-year, but posted a $177 million net loss—several times larger than its Q4 deficit. The losses reflect aggressive spending to enter new markets including Latin America.

1 SOURCEFIRST SEEN JUN 2, 11:10 AM► READ THE ARTICLE

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Didi reports Q1 revenue up 10% YoY to ~$8.7B and a ~$177M net loss, several times larger than its Q4 loss, as it expands globally in markets like Latin America (Luz Ding/Bloomberg)

Luz Ding / Bloomberg: Didi reports Q1 revenue up 10% YoY to ~$8.7B and a ~$177M net loss, several times larger than its…

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