Didi Reports Bigger Loss as Incentives, EV Bet Continue to Weigh
Didi Global Inc.’s net loss grew in the March quarter, after climbing marketing costs and losses on its stake in electric vehicle-maker XPeng Inc. outweighed a revenue boost.China’s leading ride-hailing provider’s net loss grew to 1.35 billion yuan ($186 million) in the first three months of the year, reversing two straight quarters of profitability despite a 15% rise in sales. Didi’s net loss was 1.16 billion yuan a year ago....
Read more at bloomberg.com