Didi Chuxing slides to $580m first-half loss

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Didi Chuxing slides to $580m first-half loss更新于2018年9月11日 06:00 By Yuan Yang in Beijing
Chinese ride-hailing company Didi Chuxing made a net loss of more than Rmb4bn ($580m) in the first half of the year, and is still paying billions of dollars annually in subsidies two years after winning an expensive battle with Uber.
The figures were disclosed in a letter last week to employees by chief executive Cheng Wei, which was leaked to domestic media. A person familiar with its contents confirmed the authenticity of the letter, which gives a glimpse into the financial state of the company after its purchase of Uber’s China operations in 2016.

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