Beijing-based Didi’s revenue reached 48.8 billion yuan (US$6.6 billion) in the quarter ended June 30, up from the 32 billion yuan a year earlier, driven by strong demand at both its core mainland and international operations, the company reported over the weekend.
Its net loss narrowed significantly to 267 million yuan in the second quarter, a 95 per cent improvement from a 5.4 billion yuan loss in the same period last year.
“We plan to engage with our consumers and drivers more actively for the rest of 2023 through effective promotion and more diversified and affordable product offerings,” Didi said.
The company’s China Mobility market segment, which makes up most of Didi’s business, grew revenue 57 per cent year on year to 44.5 billion yuan in the second quarter, when average daily transactions reached 29.4 million.
The total number of internet users nationwide reached 1.08 billion as of June, an increase of 11.09 million from December last year, to put the nation’s online penetration rate at 76.4 per cent.
Xpeng will issue shares at HK$64.03 apiece to pay for the asset, and Didi will own 3.25 per cent of Xpeng’s enlarged capital.