China’s ride-hailing company, Didi Global, announced on Tuesday that its fourth-quarter revenue increased by 7.1% to 52.9 billion yuan ($7.32 billion).
This increase signifies a recovery in the company’s operations after undergoing a regulatory revamp.
The Beijing-based company noted a net loss of 1.3 billion yuan for the quarter that ended on December 31. This is in contrast to the profit of 45 million yuan that the company reported for the same period in the previous year.
