China’s Didi swings to profit in fourth quarter Didi Global, China’s largest ride-hailing company, on Saturday reported a fourth-quarter profit, indicating that the... Published 23 Mar, 2024 10:34am
Technology China’s Didi Global app disruption due to software failure, not cyberattack BEIJING: China’s Didi Global ride-hailing app was disrupted earlier this week by an underlying system software... Published 29 Nov, 2023 10:39am
Technology China’s Didi swings to third-quarter profit, to buy-back $1bn worth of shares China’s biggest ride-hailing company Didi Global on Monday reported a third-quarter profit as domestic demand for... Published 13 Nov, 2023 10:57am
Business & Finance China’s Didi sees 2022 revenue hit by COVID, net loss narrows BEIJING: Chinese ride hailing giant Didi Global on Saturday reported a 19% year-on-year fall in 2022 revenue, as the... Published 29 Apr, 2023 09:54am
Technology China to allow Didi apps back online, in latest sign of regulatory thaw Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon... Published 13 Jan, 2023 11:29am
Markets China, Hong Kong stocks fall SHANGHAI: China and Hong Kong stocks fell on Thursday, as worries over fresh COVID-19 outbreaks and mortgage-payment... Published 22 Jul, 2022 06:07am
Markets China's Didi reverses course, will remain in Russia BEIJING: Chinese ride-hailing giant Didi Global said on Saturday that it would continue to operate in Russia,... Published 26 Feb, 2022 02:17pm
Business & Finance Storm clouds gather at SoftBank Group as valuations slide TOKYO: Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings on Tuesday, with... Published 04 Feb, 2022 11:59am
Business & Finance China’s Didi reports $4.7bn Q3 loss BEIJING: Chinese ride-hailing giant Didi Global on Thursday reported a $4.7 billion loss in the third quarter, as ... Published 03 Jan, 2022 06:42am
Business & Finance China's Didi plans Hong Kong 'listing by introduction', picks banks HONG KONG: China's ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong... Published 29 Dec, 2021 12:26pm
Business & Finance Some hedge funds may have lost millions on bets on China's Didi Global TORONTO: Several hedge funds may have been bruised by bets on Didi Global Inc, filings showed after the shares... Published 08 Dec, 2021 11:38am
World New York exit: Didi bows to regulatory pressure for US delisting HONG KONG: Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New... Published 04 Dec, 2021 04:23am
Business & Finance Didi denies reports that Beijing city is coordinating companies to invest in it BEIJING: China's ride hailing giant Didi Global Inc said on Saturday that media reports that the Beijing city... Updated 04 Sep, 2021 01:13pm
World Beijing city looks to take Didi under state control BEIJING: Beijing city is considering taking Didi Global under state control and has proposed that government-run... Published 04 Sep, 2021 06:04am
Technology Uber posts profit on one-time gains Uber shares were down more than 3 percent in after-market trades that followed release of the earnings figures Updated 05 Aug, 2021 10:11am
Markets Didi Global denies media report it plans to go private after $4.4bn New York IPO NEW YORK: Ride-hailing company Didi Global on Thursday denied a media report that the company was considering going... Published 30 Jul, 2021 05:10am
Markets Wall Street rises as cyclical stocks rebound after selloff Levi Strauss rises on strong full-year profit forecast. Didi takes a breather after four-day losing streak. General Motors gains as Wedbush starts with "outperform". Indexes up: Dow 0.88%, S&P 0.55%, Nasdaq 0.08%. Updated 09 Jul, 2021 07:56pm
Technology Didi says app removal may hurt revenue, other U.S-listed Chinese firms probed It also comes amid a widespread regulatory squeeze on domestic tech firms, focusing on anticompetitive behaviour and data security Published 05 Jul, 2021 10:08am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points