Chinese ride hailing giant DiDi says core business is profitable as signs of recovery take hold

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The president of Chinese ride-hailing firm DiDi, Jean Liu, told CNBC that ride volume has reached 60% to 70% of pre-coronavirus levels and revealed for the first time that the company's core business was profitable.

DiDi President Jean Liu told CNBC that the company's core ride-hailing business is profitable. She did not give specific figures or say which measure of profitability she was referring to.

Liu also said DiDi's ride volume in China has reached 60% to 70% of pre-coronavirus levels, and is five times its February low.FRED DUFOUR | AFP | Getty Images "I can share with you the core business is profitable or a small profit," Liu said in an interview that aired on Thursday.However, it's the first time the Chinese technology firm has made the claim, as long-term viability of the ride-hailing sector continues to be called into question.

Headquartered in Beijing, the company operates in China and eight overseas markets including Australia and Japan.

 

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Csn we have other news.? We are sick and tired of China.... Or does China pay you?

Now do Lukin Coffee

Who cares

That’s the suck firm that put Uber out of business in China.

Boycott all things Chinese. Here, there and fok’n everywhere.

Why do we care? Didi isn't a listed company nor it has any US shareholders. What interest do we have with such commie ponzi scheme which we have no access to its financials?

Same as Luckin Coffee jimcramer ?

The copy & paste economy

Ok

Just in time to troll Uber’s lay-off announcement.

Believe that?

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