Didi dominates China’s ride-hailing market, but it is still investing to attract new users and drivers
Didi Chuxing Technology Co. beat out Uber Technologies Inc. in China, but nearly three years later the startup, whose investors include its former rival and SoftBank Group Corp., still struggles with profitability in its core ride-hailing business.
In an essay published this week, Didi executive Chen Xi said for every ride it facilitated in China for the three months ended in December, Didi lost on average 2% of the fare paid.
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