Peking Chinese Uber rival Didi on Saturday reported a 19 percent drop in sales in 2022 compared to last year. In its first annual report since its US listing last year, Didi said total sales fell to 140.79 billion yuan ($20.37 billion).
According to the company, the loss is mainly due to the restrictions following the outbreak of the corona pandemic in China in the second and fourth quarters of 2022, which severely affected business there. Despite the profit loss, net loss narrowed to 23.78 billion yuan in 2022, according to Didi, compared with a net loss of 49.34 billion yuan in 2021.
China had imposed strict lockdowns and other restrictions across the country for the past year that have severely impacted the country’s economy. These restrictions were only lifted again in December last year.
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2023-04-29 07:42:34
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