China’s largest ride-hailing service, Didi Chuxing, officially filed for a U.S. initial public offering Thursday with an odd inclusion for its sector: actual profit.
The company — which filed under a parent company’s name, Xiaoju Kuaizhi Inc. — did reveal that it turned a profit in the first quarter after years of large losses, with financial records showing GAAP net income of 5.49 billion rembini on revenue of RMB 42.16 billion , up from a loss of RMB 3.97 billion on sales of RMB 20.47 billion the year before.
U.S. counterparts Uber Technologies Inc. UBER, +0.83% and Lyft Inc. LYFT, +0.51% have not produced a quarterly profit since going public in 2019. In their most recent quarters, which mirrored the time period of Didi’s first quarter, Uber reported a loss of $108 million — its smallest quarterly loss as a public company — on sales of $2.9 billion, while Lyft lost $427 million on sales of $609 million.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Grocery Delivery Company Missfresh Files For US IPO& Producer Price Index (PPI) Release Overview Takeaway: The PPI print was driven by mining’s 36.4%, raw materials 18.8% and manufacturing 7.4% driven by higher commodity prices.
Weiterlesen »
Grocery Delivery Company Missfresh Files For US IPO& Producer Price Index (PPI) Release Overview Takeaway: The PPI print was driven by mining’s 36.4%, raw materials 18.8% and manufacturing 7.4% driven by higher commodity prices. xem gái xinh show móc các kiểu miễn phí kbzl 0815514077
Weiterlesen »