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In
its first annual report since it delisted from the U.S. last
year, Didi said its total revenue fell to 140.79 billion yuan
($20.37 billion) primarily "due to the effects of COVID-19
pandemic outbreaks in the second and fourth quarter of 2022"
which hit its China business.
China imposed stringent COVID restrictions across the country
last year that had hammered its economy. It lifted those
restrictions in December last year.
Net loss attributable to Didi Global narrowed to 23.78 billion
yuan in 2022, compare with the net loss of 49.34 billion yuan in
2021, helped by factors such as investment gains, the report
said.
Its China mobility business swung to a loss in 2022, though Didi
said it has returned to growth this year, citing a rapid
recovery in travel across China after the ending of COVID curbs.
In March, Didi's daily transactions for China Mobility jumped
42% from the same period last year, to an average of 28.2
million.
China lifted a 18-month ban on Didi earlier this year after a
more than one year long regulatory crackdown on the company due
to cyberspace security violations. The company delisted from the
U.S., dozens of its app were banned from major app stores, and
it paid the largest regulatory penalty imposed on a Chinese tech
firm.
Its net loss for 2022 included the $1.2 billion fine.
($1 = 6.9110 Chinese yuan renminbi)
(Reporting by Albee Zhang and Brenda Goh; Editing by Lincoln
Feast.)
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