China’s Didi Q1 revenue rises 8.5% as recovery gains pace

Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of its operations gathered pace.

The Beijing-based company reported net income of 2.4 billion yuan for the quarter, versus a loss of 1.4 billion yuan a year earlier, after adopting new accounting standards.

Didi drew the attention of China’s cyberspace regulator in 2021 over its pursuit of a US initial public offering without approval, prompting an inquiry…