Didi

Uber rolls out its service in the Chinese gambling hub of Macau, its first new entry to an Asian market in years; Uber sold its China business to Didi in 2016

Uber Technologies Inc. is rolling out its ride hailing service in the Chinese gambling hub of Macau, expanding into a new Asian market for the first time in years.

Didi reports Q3 revenue up 8.6% YoY to ~$8.28B and a ~$211M net income, up from ~$127M in Q3 2024; international revenue up 35% YoY to ~$558M with a ~$240M loss

Didi reports Q2 revenue up 10.9% YoY to ~$7.8B, overseas revenue up 28% YoY, and a ~$350M net loss, driven by a one-off ~$740M charge in a shareholder lawsuit

Didi reports Q1 revenue up 8.5% YoY to ~$7.4B, a ~$334M net income, up from a ~$194M loss YoY, transactions up 10% YoY to 3.3B, and ~$418M international revenue

Didi reports Q4 revenue up 7.1% YoY to ~$7.32B and a ~$180M net loss, down from a ~$6.2M profit in Q4 2023, as it recovers from China's $1.2B fine in July 2022

Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO

Claire Che / Bloomberg :

Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO

- China's ride-hailing leader is recovering from a crackdown  — The company is now angling to return to capital markets

SoftBank reports Q2 net income of ~$7.7B and a Vision Fund gain of ~$2.42B, driven by strong Indian IPOs and valuation gains in startups like Coupang and Didi

- Tech investor rakes in profit on hot Indian IPO market  — Legacy-conscious founder Masayoshi Son is readying next gamble

Didi reports Q2 revenue up 4.1% YoY to ~$7.1B and ~196M net profit, after ride-hailing transactions hit a record, as Didi recovers from a $1.2B US fine in 2022

Bloomberg :

Chinese self-driving cars from WeRide, Apollo, AutoX, Pony.ai, and DiDi have driven 1.8M miles in California since 2017, collecting data with little scrutiny

like this one for Apollo's parent company Baidu (aka “Chinese Google"). [image] Rachyl Jones / @rachyljones : Meanwhile, China makes it extremely difficult for US robotaxi companies to test in the cou...