Chinese ride hailing giant Didi Global on Saturday reported a 19% 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 140.79 billion yuan primarily "due to the effects of COVID-19 pandemic outbreaks in the second and fourth quarter of 2022" which hit its China business.
Net loss attributable to Didi Global narrowed to 23.78 billion yuan in 2022, compare with the net loss of 49.34 billion yuan in 2021, helped by factors such as investment gains, the report said.
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