Didi Global operates in 16 countries, but 90% of its revenues come from China. In 2020, the ride-hailing giant saw its business plummet due to lockdowns related to COVID-19 and lost $1.6 billion on $21.6 billion in revenue, a 10% decline from 2019. The loss might have been bigger, save for the company’s decision to expand its operations into intracity freight delivery, food delivery and community group-buying services.
Even as a Chinese government investigation into the company is ongoing, Didi...
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